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My name is David Cos and I have been a licensed mortgage professional for over 21 years. I specialize in residential mortgages and am known for providing competitive rates, great service and meeting closing deadlines for my clients. I consider client satisfaction a top priority and my goal is to maintain consistent and valuable communication with my clients throughout the entire loan process. If you are looking for seasoned Mortgage Loan Officer who can provide excellent service and get the job done, please contact me at info@davidcos.com or to start the process please click on the “get prequalified” button below.


Conventional Loans

A Conventional mortgage is any loan that is not guaranteed or insured by the federal government. Conventional loans adhere to the guidelines set by Fannie Mae and Freddie Mac.

There are two types, conforming and non-comforming. Conforming loans follow the loan limits that are set for conventional mortgages and a non-conforming loan does not. The maximum limit for a conforming loan depends on the state and geographic area you live in and can be found here: Fannie Mae Loan Limits.

Adjustable-Rate Mortgage

An adjustable-rate mortgage (ARM), typically begins with a low rate that is fixed for a specific amount of time and after that time period is up, adjusts to a rate which is most commonly determined by using either the Constant Maturity Treasury Index (CMT) or the London Interbank Offered Index (LIBOR). The drawback of this type of loan is that over the term of your loan the interest rate can either go up or down. This makes it difficult for the homeowner to create a monthly budget due to the fluctuation in their mortgage payment. More information on adjustable-rate mortgages can be found here in the Consumer Handbook on adjustable-rate mortgages.

FHA Loans

The Federal Housing Administration, better known as “FHA”, was established in 1934 to increase home ownership that was suffering due to economic conditions, as well as, difficult mortgage loan terms. FHA provides mortgage insurance on loans made by FHA approved-lenders and has now become the world’s largest insurer of mortgages, insuring over 34 million properties since it was created.

Fixed Rate Mortgage

Fixed rate mortgages are loans that are amortized with the same interest rate over the entire term of the mortgage. This is the most popular type of loan because, with a fixed rate mortgage, you always know what your monthly payment willl be and can plan your budget accordingly. Loan terms consist of 10, 15, 20, 25 and 30 years.

VA Loans

Department of Veteran Affairs – VA
Section 501 of The Servicemen’s Readjustment Act, more commonly known as the GI Bill of Rights which was signed into law in 1944 provides for a real estate loan, partially guaranteed by the Department of Veteran’s Affairs (VA). The VA loan is a mortgage loan made by a lender which is guaranteed by the federal government in the event of a default by the homeowner. As a result, lenders are able to provide loans to veterans with less stringent guidelines as a conventional loan. This has made the dream of homeownership possible for over 20 million veterans and their families.


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