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Balloon Mortgage

Considering a short-term ownership situation? Have a unique real estate opportunity? You may need a mortgage option with a bit more flexibility, such as a Balloon Mortgage. Balloon interest rates are fixed for the initial time period, then adjust annually based on market rates. The benefits of a Balloon Mortgage include:

  • Serviced in-house
  • 1-, 3-, 5-, and 7-year mortgages available
  • Lower interest rate
  • Lower monthly payments
  • No Private Mortgage Insurance required with a low 10% down payment and satisfactory credit history

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For more information about your mortgage options or to contact a mortgage lender about the best possible rate for your situation, click here

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Looking for a realtor?  Click here for a list of local Ames realtors or Ankeny realtors.

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