Conventional Fixed Rate Mortgages

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If you favor a fixed monthly payment, Capital Trust Mortgage Corp. offers competitively priced 10, 15, 20 and 30 year conventional Fannie-Mae and Freddie-Mac loans. In all cases the principal balance is reduced with each monthly payment. Fixed rate mortgages are available from as low as $30,000.00 to $417,000.00 .

Capital Trust Mortgage Corp. also offers "simplified" fixed rate loans that do not require income verification if the 10% down payment requirement is met. 

Conventional Adjustable Rate Mortgages (ARMs)

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Six-Month Adjustable Rate Mortgage – By definition, this type of mortgage's interest rate and monthly payment may be adjusted every six months.  Rates could go up, resulting in higher payments- or down, giving you the advantage of lower payments.  Another feature of this type of mortgage is its semiannual and lifetime cap.  This means that there is a set limit to the amount your interest rate can increase in each six-month period and in its lifetime.  So, should interest rates increase to a great extent, your ARM rate will not.

 One-Year Adjustable Rate Mortgage- Capital Trust Mortgage Corp.'s one-year ARM offers many of the same features as our six-month ARM: attractive starting rate, payment protection features, superior annual and lifetime rate caps, protection against "negative amortization," and terms of up to 30 years.  However, instead of a possible interest rate and monthly payment adjustment every six months, this mortgage is subject to adjustment only once a year.  The index for the one-year ARM is based on the One Year U.S. Treasury Security yield. 

3-1 ARM, 5-1 ARM, 7-1 ARM & 10-1 ARM Loans

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3/1, 5/1, and 7/1 Adjustable Rate Mortgages- This type of mortgage offers a very attractive feature, where the interest rate is fixed for 3, 5 or 7 years, respectively, and it becomes an adjustable rate at the end of the third, fifth or seventh year anniversary, respectively.  The adjustable feature will be similar to the one-year ARM program.

Jumbo and Super Jumbo Loan (fixed and adjustable - Up to $5,000,000.00)

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Any loan amount that is greater than the maximum loan amount described by FNMA guidelines will fall under the "jumbo loan" category.  The maximum conventional loan limit as per FNMA is $417,000.  There are many different types of loan programs for the jumbo product, such as fixed rate and adjustable rate mortgages, with income verification or without income or assets verification.

No Income Verification and No Asset Verification Loans

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Capital Trust Mortgage Corp. makes it easy for you to apply for a mortgage by offering simplified (Easy Documentation) loans for both fixed and adjustable rate mortgages.  Income verification is not necessary as part of the approval process with a 10% or more down payment.  If you are self-employed, have complex sources of income, or wish to eliminate the income verification step, this is the mortgage for you.  This type of mortgage is also available for refinancing with certain restrictions and equity requirements.

100% Financing No Down Payment 

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Under certain circumstances and with a good credit rating, Capital Trust Mortgage Corp. can provide 100% financing for your home by providing you a first and second mortgage simultaneously.