We are hiring experienced loan officers for the state of Maryland

Thank you for visiting our online loan origination center! This branch is licensed in the state of Maryland, Virginia, California and South Carolina. PRIMARY RESIDENTITAL MORTGAGE, INC is an independent originator of residential mortgage loans. We underwrite, fund and sell our mortgage products to the top correspondent mortgage investors in the States.

Our mission is to provide our clients best possible financing options available in today's mortgage lending environment. We can realize your homeownership dreams by offering you all the best advantages: Low rates, all types of mortgage program, guidance and advice from our experienced loan professionals.

Today's technology is providing a more productive environment to work in. For example, through this Web Site you can submit a complete online secure loan application, pre-qualify for a home loan or you can request an update on your loan in process and much more!

These tools have allowed us to provide a higher level of service to our clients who utilize the Internet in their daily lives. By applying online, your application is received immediately! you will be notified by email and be prompted to return to our secure server to retrieve your application. This will enable us to start processing your loan today! Thanks again for your visit today!

Our Mortgage Services	Maryland, Virginia, California & South Carolina
Refinancing • Buying Homes • Programs for First Time Homebuyers

Buying a home can be an overwhelming process, especially if it's your first time. But a little reading and research can go a long way to simplify your home buying experience.  Whether you already own a home or if you're looking to buy your first house, buying a home is likely one of the biggest purchases you'll ever make. So take the time to use these resources to educate and empower yourself about the home-buying process.

Types of Government Loans

In general, government loans are intended to help homebuyers with certain qualifications purchase a home with a lower down payment, lower interest rate, and/or lower credit rating than is normally required by a conventional loan.

FHA Loan (Federal Housing Administration)

FHA loans aren't actually a loan—rather, it is insurance on your mortgage so in case of default, the FHA will cover the loss. Because of the power of this insurance, more borrowers can qualify for loans. FHA-backed loans afford borrowers:

• Lower down payments (as little as 3.5%, which can even be gifted to you)
• Low closing costs
• Easier credit qualifying

The cost of the insurance is incorporated into the monthly mortgage payments.

VA Loan (Department of Veteran Affairs)

There are certain qualifications you have to meet in order to qualify for a VA loan (typically at a minimum you must be a veteran or an active member of the US armed forces). But, if you do, you can enjoy lower closing costs and the possibility of no down payment. VA loans are similar to FHA loans in that the VA guarantees your loan (i.e. insures it).

Refinancing a Home If you already have a mortgage, it may make sense for you to refinance. You can take advantage of better rates and terms and potentially save thousands over the life of your loan. What is Refinancing? When you refinance your mortgage, you're paying off your old loan with a new loan. You can save money by getting a lower interest rate, changing to different terms (i.e., switch from a 15-year to a 30-year term), or taking cash out of your home equity. Benefits of Refinancing There are several good reasons you should refinance, and you should consider more than just the interest rate: Reduce your monthly mortgage payments Take out cash at closing—consolidate your debt Switch to a fixed rate from an adjustable rate mortgage (long-term savings) Say goodbye to Mortgage Insurance Fixed Rate Mortgages With fixed rate mortgage (FRM) loan the interest rate and your mortgage monthly payments remain fixed for the period of the loan. Fixed-rate mortgages are available for 40, 30, 25, 20, 15 years and 10 years. Generally, the shorter the term of a loan, the lower the interest rate you could get. The most popular mortgage terms are 30 and 15 years. With the traditional 30-year fixed rate mortgage your monthly payments are lower than they would be on a shorter term loan. But if you can afford higher monthly payments a 15-year fixed-rate mortgage allows you to repay your loan twice as faster and save more than half the total interest costs of a 30-year loan. Fixed-period ARMs With fixed-period ARMs homeowners can enjoy from three to ten years of fixed payments before the initial interest rate change. At the end of the fixed period, the interest rate will adjust annually. Fixed-period ARMs -- 30/3/1, 30/5/1, 30/7/1 and 30/10/1 -- are generally tied to the one-year Treasury securities index. ARMs with an initial fixed period beside of lifetime and adjustment caps usually have also first adjustment cap. It limits the interest rate you will pay the first time your rate is adjusted. First adjustment caps vary with type of loan program. The advantage of these loans is that the interest rate is lower than for a 30-year fixed (the lender is not locked in for as long so their risk is lower and they can charge less) but you still get the advantage of a fixed rate for a period of time.

First Time Homebuyer Program
Anybody who has 2-year of solid full time employment can qualify for the first time homebuyer's program. Then your yearly income is used to estimate how much you qualify for. You must also have average to good credit. A middle credit score of 620 and above qualifies. Meanwhile, you get tax incentives.

Low-down Payment Program to Purchase Homes
You may be able to buy a home without your own down payment.  Up to 3.5% of the down payment can be asked from the relative, employer etc. and seller can contribute 6 per cent towards closing cost.  You may be able to buy a home basically with zero down payment.   You must be full-time employee or self employed. This is unique, because there's no money down.

Bad Credit Programs
Foreclosure & Bankruptcy Programs
We work with you and try to help you get a loan  so that can payoff your off your debts and avoid forclosure. We can do bankruptcy buyout, we can bail you out and get you back on track. In fact, we can work with people that have down to a 620 credit score