
MMC Lending® offers a variety of residential home loan programs for Single Family Homes, Condominiums, Manufactured Homes and residential income properties up to 4 units. MMC Lending® is a “Full Service Mortgage Banking Company” as well as a Fannie Mae and Ginnie Mae seller and servicer. That means we’re a direct lender plus we retain and service many of the loans we originate.
Fixed Rate Mortgages are the most popular loans for borrowers who plan to own the property for a long time. A fixed interest rate means the interest rate does not change so the interest rate does not go up or down. Fixed rate loans offer long term payment stability.
Loan Term is most often 30 years but there can be substantial savings from selecting a shorter term. We offer loans terms as low as 10 years with 15-year, 20-year and 25-year loans also possible. There are a few things to consider when thinking about loans with a shorter term. First, a shorter term means a slightly higher monthly payment. Second because a loan with a shorter term pays off faster, the total finance charge paid over the life of the loan is often much lower.
Adjustable Rate Mortgages (ARM) are available in several types. The benefit of a home loan with a rate that can change is that the initial interest and monthly payment is usually lower. Some adjustable rate loans have an initial interest rate that is fixed for 3, 5, 7 or 10 years. Sometimes called Hybrid ARMS, these are also referred to as 5/1 or 7/1 ARMS because the initial rate and monthly payment is fixed for five or seven years. After the initial fixed period the rate changes annually or as specified in the loan documents. ARM’s can be a good choice for people who expect to move, refinance or sell the property before or shortly after the rate adjustment is scheduled.
Home Purchase
MMC Lending® is dedicated to customer service with an extensive loan product line available in multiple states. For families with the dream of homeownership, we're here to make that opportunity possible. Read More
Veteran Services
MMC Lending® recognizes the challenges Veterans and their families face in relocation and home buying. VA loans generally require no down payment and no monthly mortgage insurance and can be a great option. Read More
Remodeling
Add equity and enjoy your family home more by customizing your property to better meet your family’s needs. Finance your remodeling costs with a HomeStyle Renovation or FHA 203k loan. Read More
Residential Construction
Finance the building or extensive remodeling of your home. Choose your own floor plan and customize the finishes to suit your family perfectly. Building your dream home is not out of reach. Read More
Reverse Mortgage
Retire and stay comfortably in your home. Supplement your retirement by converting your equity into tax-free income. Read More
Manufactured Homes
An economical choice with all the benefits of a traditionally built home. Have the ability to buy more square footage or land and still stay within budget. Read More