Millennium Mortgage
Millennium Mortgage Services Corporation’s and Millennium Mortgage Acceptance Corporation’s National Sales Location is based in Carrollton, Texas, and they are members of the National Association of Mortgage Brokers.
Millennium Mortgage’s motto is: “A High Quality Low Cost Mortgage Company Providing Our Customers with Honest & Ethical Service Since 1996.” Millennium offers literally hundreds of Mortgage Financing Programs (their most popular loans are listed below). They call themselves a “Challenged-Credit Specialist” and indicate that most loans have same day approval. Additionally, they offer a “Pick Your Closing Cost Option”.
Loans Funded by Millennium Mortgage
- Home Purchase Programs
- 100% Financing Available
- Interest Only Financing
- No Income Verification Program
- No Income / No Asset Loans
- Stated Income Loans
- Challenged-Credit Loan Programs – must meet Millennium’s Guidelines
- Home Equity Loan Programs
- Home Equity Line of Credit (HELOC) Programs
- Refinancing Loan Programs – includes Cash-Out Refinance, Pool Escrow Refinance, FHA Streamline Refinance
- Commercial Lending Program Options
- Jumbo Mortgages
- FHA Mortgage Loans – including FHA Streamline Refinance
- VA Mortgage Loans
- Fixed-Rate Mortgage (FRM) Programs
- Adjustable Rate Mortgage (ARM) Programs
It is made very clear by Millennium Mortgage that they do not offer the following loan types:
- Mobile Home Loans
- Home Improvement Loans
- Farm & Ranch Loans Outside the State of Texas
- FHA & VA Loans Outside the State of Texas
- Second Lien Mortgage Loans-they can arrange in most states if they make the First Lien Loan, Loans Where Value of Land is More Than 50% of Total Value of Property with exception of Rural Property.
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