Alliance Bank is pleased to offer a full package of Loan Products to meet your real estate financing needs. As a compliment to the services offered by Alliance Bank Mortgage Division, we offer attractive rates, rapid turn around times and in-house loan underwriting. Our Products include:
Home Equity Lines of Credit (HELOC) - Purchase Money or stand alone lines, interest only payments, 15 year draw and 15 year repayment periods with rates based on WSJP.
Closed End Second Trusts - Multiple terms are available to suit your mortgage needs.
Bridge Loans - to cover the gap between closingswith extended Debt to Income ratios.
Lot or Land Loans - short or long term plans available with easy and inexpensive transition options to construction and permanent loans.
Portfolio Mortgage Loans, Alliance Bank will consider mortgage loans that fall outside traditional guidelines. Loans with mixed zoning, temporary financing with a permanent take out, self employed for less than 2 years or loans to LLC and other entities can be considered
Home Improvement Loans on existing residential property, when the current value is determined to be sufficient to allow a Loan to Value of 90% can be processed via HELOC. When an as completed value is needed to adequately secure the Home Improvement Loan, the Construction Loan procedures will be followed.
For more information or to request an application, send us an e-mail or call us at 703.814.7200
