Residential Loans

Whether you’re a first-time homebuyer or you’ve been through the process a few times, buying a home can be intimidating. Fortunately, Intercoastal Mortgage Company (ICM) is here to help. We have a variety of resources and calculator tools to make the home-buying process easier.

We offer a full menu of loan options for home financing for purchases and refinancing. Loan amounts from as little as $50,000 up to $5,000,000 for conventional, FHA, VA, jumbo, super jumbo, construction/renovation, and bridge loans are all available. We can also originate purchase money second trusts and home equity loans/lines of credit, also known as ‘piggyback financing’.

Confused by all the financing options available to you? Refer to this quick guide to figure out the differences between the main financing options we offer:

  • Adjustable Rate Mortgages: ARM mortgages typically offer low interest rates for a pre-determined period of time. After that time, rates can go up. This type of mortgage might make sense if you plan to stay in a home for no more than 10 years.
  • Fixed Rate Mortgages: Fixed rate mortgages are very popular because they provide buyers with stability and consistency. The interest rate never changes, which means you always know what to expect when it comes to monthly payments.
  • Refinancing: If you want to stay in your home but you don’t have a great loan product, we can help you refinance.
  • Renovation, Construction and Bridge Lending: Need a loan so you can rehabilitate your current residence, finance a construction project or purchase a new home? Ask us about our renovation, construction and bridge lending options.

We understand that getting a loan can be a confusing process. If you need help navigating the many options you can choose from, give us a call and we’ll explain each loan type to you in detail.