Log In  |  Contact Us  |  Help
Home Finance
In addition to the most popular loan programs, fixed and adjustable, USA Mortgage also offers conforming, jumbo, interest-only, balloon, FHA, FHA 203K rehab, VA and other niche loan programs. Fixed Rate Mortgage (FRM) This loan is typically on either a 10-, 15- or 30-year amortization (repayment) schedule. A FRM provides a high level of certainty in that the monthly principal and interest payment will not change over the life of the loan because the interest rate remains fixed for its entirety. Adjustable Rate Mortgage (ARM) The loan derives its name from the fact that its interest rate will change or adjust on a predetermined schedule. An ARM will have an initial fixed period over which the interest rate will not change. At the end of the initial period, the interest rate will adjust based on the current rate of a given market index (such as the average one-year Treasury bill rate) plus a pre-determined margin. There are limits to how much the interest rate can adjust in any given period and over the life of the loan. All ARM programs presented on USA Mortgage limit any single interest rate adjustment to 2% and the cumulative amount of adjustments over the life of the loan to 6%. Finally, all ARM programs on USA Mortgage are based on a 30-year amortization (repayment) schedule.
Apply Now
Select a loan application:


USA Mortgage
12140 Woodcrest Executive Drive, St. 150, Saint Louis, MO  63141
Direct:  (314) 628-2000
Toll Free:  (888) 250-6522
Fax:  (314) 628-2036
Copyright © 2018 DAS Acquisition Company, LLC
Privacy Policy  | Security Statement  |  Site Map