Residential Loans
IFB offers a full range of competitive Residential Mortgage programs designed to meet the requirements of all of our customers, whether US residents or foreigners. We have loans customized for all of your needs: new home purchases, refinancing an existing mortgage, or making home improvements.Discover the IFB Residential Mortgage option that’s just right for you.
Fixed Rate Mortgages:
A fixed rate mortgage offers full amortization mortgages with the same monthly payments for the life of the loan. This loan is recommended in a low rate environment or for individuals who prefer to keep expenses within a determined budget.
Adjustable-Rate Mortgages:
Adjustable Rate Mortgages, also known as an ARM, is a convenient option for individuals who prefer a mortgage that offers a low introductory rate. The interest rates and payments adjust periodically during the life of the loan.
3/1, 5/1 and 7/1 ARMs:
These are adjustable rate mortgages with a low introductory rate for a longer period, adjusting thereafter.
Jumbo Loan Programs:
Jumbo mortgage program options are available for financing large purchases or refinances designed for mortgages that exceed the current maximum conforming amount of $417,000.00
No PREPAYMENT PENALTY applied on mortgages depending on borrower eligibility, pricing or concessions made to the loan.
Find the Mortgage Program that’s right for you
Choosing the mortgage program to best fit your needs and lifestyle is your only concern. Consider how you imagine your future and your family in your new or existing home of your dreams and let an IFB mortgage make that a reality.
| AVAILABLE PROGRAMS | ADVANTAGES | DISADVANTAGES | |
| Fixed Rate | Fixed | Payments and Interest Rate remain the same for the life of the loan | Higher interest rates |
| Borrowers are protected should rates increase | Higher monthly payments | ||
| Can refinance if rates decrease | Rates do not decrease if rates drop | ||
| Adjustable Rate Mortgages (ARM) | 3/1 ARM 5/1 ARM 7/1 ARM | Lower initial monthly payment | More risks |
| Rates and payments my decrease if rates drop | Payments may increase over the life of the loan | ||
| Can refinance if rates decrease |
- Apply for the mortgage loan that’s right for you!
Submit an application today or stop by one of banking offices and speak with a professional banker ready to help you live in the home of your dreams!
Contact our Residential Mortgage Department for additional information concerning our mortgage any of programs. Any of our loan advisors is ready to help you through the process of financing your family’s home.
Contact Information: info@intlfinancebank.com
Mr. Scott Stephens
Vice President, Residential Lending
Tel: 305.648.8830
Fax: 305.262.3356
NMLSR #: 619815
Mr. Abel Venereo
Assistant Vice President
Tel: 305.648.8877
Fax: 305.262.3356
NMLSR#: 619816
