Loan Programs

Which Mortgage is Right for You?

There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.

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Mortgage Rate Options

Fixed Rate

The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.

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Adjustable ARM

Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...

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Interest Only

Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...

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Reverse

Tailored for homeowners aged 62 and above, our reverse mortgage solutions allow you to convert part of your home equity into tax-free cash without the obligation of monthly mortgage payments. 

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Loan Program Options

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Conventional Loans

A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.

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FHA Home Loans

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

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VA Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...

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Jumbo Loans

A jumbo mortgage is a financial tool designed for the purchase of properties that exceed the pricing limits set for conventional conforming loans. Currently, the threshold for a standard conforming loan caps at $726,200 in many areas, as stipulated by the Federal Housing Finance Agency (FHFA). Homes that surpass this set value necessitate a jumbo loan for buyers to secure financing.

These non-conforming conventional mortgages are vital for buyers in high-cost real estate markets, allowing them to obtain loans that fall outside the protective umbrella of Fannie Mae and Freddie Mac, which back standard loans. Lenders perceive jumbo loans as carrying a higher risk due to the absence of government guarantees against borrower defaults.

Jumbo loans, however, are offered with an array of terms and interest rate options—both fixed and adjustable—to cater to diverse financial circumstances and investment strategies. They play an essential role in enabling the acquisition of luxury properties, providing a necessary financial avenue for buyers aiming to invest in the upper tiers of the housing market.

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Renovation

A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.

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PHFA K-Fit Loans

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

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Commercial Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...

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Adjustable Loans

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $548,250 in...

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Fixed Rate Mortgage

A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.

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USDA Loans

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

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