Primary Residential Mortgage, Inc. is a national lender with over 225 branches nationwide.  We offer mortgages for home purchases and refinances including FHA, VA, USDA and Conventional loans.  We specialize in helping First-Time Homebuyers and may be able to assist you in securing downpayment assistance. We do our best to ensure a smooth and easy loan process from application to closing.  We try very hard to make sure that you understand the loan process and are comfortable with your loan.

Looking for a home? Primary Residential Mortgage, Inc. has the experience, knowledge and dedication it takes for opening the door of opportunity for home ownership. We are here to assist you with making the American Dream of owning your own home become a reality. Let's review together options to achieving it today!

Already own a home? Our refinancing options have assisted many people in lowering their monthly payments and/or increasing their savings by lowering their current interest rate. Whether you have a VA, FHA, or Conventiional loan, let's discuss your situation and review refinancing options so you can make the best decision for your situation.

Types of loans Fixed rate Adjustable rate Jumbo mortgage Second mortgage Reverse mortgage  FHA, VA and USDA Rehabilitation loans  Land / lot loans

Fixed rate mortgage - a mortgage where the interest rate is the same throughout the duration of the loan.

Adjustable rate mortgage - a mortgage where the interest rate changes. There are many, many different types of adjustable rate mortgages. ARMs generally allow borrowers to have lower payments for a fixed period of time with an annual or bi-annual adjustment after the fixed period has ended.

Jumbo mortgage - a mortgage with a loan amount greater than a conventional loan limit.  The current conventional loan limit is $417,000 in most areas.

Second mortgage - A mortgage that is taken out after the first mortgage is in place.  Used to help purchase the home, pay off debt, or re-model the home.

Reverse mortgage - a loan for senior homewoners that uses a portion of the home's equity as collateral.  This loan type generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away.

FHA loan - a loan insured by the Federal Housing Administration. These currently have the lowest down payment requirement (3.5%) of all loans except for VA loans.

VA loan - a loan guaranteed by the US Department of Veteran Affairs. These loans are designed to offer financing to American veterans or their surviving spouses.  No down payment required and no monthly mortgage insurance.

USDA loan - a loan insured  by  USDA (Gov't Loan) and only offered in rural areas and serviced by direct lenders that meet federal guidelines. Advantages include no down payment and low mortgage insurance, if you qualify. 

Rehabilitaion loans - FHA loan for purchasing fixer-uppers / handyman specials. Also, for reparing/upgrading your currently owned home. 

Points - a point (or 'discount point') may be purchased at the closing of the loan at a rate of one percent of the loan amount per point. For each point puchased, the interest rate of the loan is reduced by a certain amount.  This amount varies from loan to loan.  A good rule of thumb is 1 Discount Point usually buys down your interest rate 0.25%.  Sometimes it may buy the rate down further and sometimes it may be less.

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