Available Loan ProgramsGroves Capital Makes Home Loans Easy
Learn more about the types of loans we offer below. If you don’t see what you’re looking for, give us a call. We have access to all types of purcahse or refinance loan products.
Fixed-Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments that shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable-rate mortgages and are also known as fixed-period ARMs.
FHA home loans are mortgages that are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low-interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of homeownership.
Interest Only Mortgages
Interest-only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.
Commonly Used Indexes for ARM’s
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.
Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and become fixed for the remaining duration of the loan.
What Kind of Loan Program is Best for You and Your Family?
Should you get a fixed-rate or adjustable-rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.
Let Our Family Help Yours
Why Turn to Groves Capital Inc. For Your Lending Needs?
- Direct Lender Nationwide
- Quick Approvals
- Free Instant Prequals
- Best Rates
- Outside the Box Lending
- Jumbo/Super Jumbo Loans
- Stated Income Loans
- Bank Statement Loans
- Family Owned & Operated
Get Your Mortgage Here
Welcome to Groves Capital Inc.
The Nations Premier Home Loan Lender
Groves Capital Inc. is a family-owned business based in San Diego, CA. We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.
Today’s technology is providing a more productive and real-time environment. For example, through our website, you can submit a complete and secure loan application or pre-qualify for a home loan. You may also evaluate your different financing options by using our interactive calculators and going over various mortgage scenarios. Additionally, you can search for properties through our interactive MLS portal. In the complex world of lending; our goal is to make it as simple as possible.