You’ve found the home of your dreams or maybe you’re ready to refinance to lower your monthly payment, or get cash out for extra expenses. There are a number of different types of home loans available, discover what home loan options are best for you.
CONVENTIONAL MORTGAGE
Conventional Mortgages are very flexible with competitive interest rates, are very wide-ranging in options, and can fit just about any circumstance.
FHA MORTGAGE
An FHA mortgage is a mortgage that is secured by the Federal Housing Administration (FHA) and it is required that you use an FHA-qualified lender.
VA MORTGAGE
A VA mortgage is guaranteed by the federal government and is available to service members, veterans, and eligible surviving spouses.
ADJUSTABLE RATE MORTGAGE
Any mortgage can be an Adjustable Rate Mortgage simply by having an interest rate that adjusts. An Adjustable Rate Mortage has flexibility and the initial interest rate is often lower than their fixed-rate counterparts.
JUMBO MORTGAGE
Jumbo mortgages are defined by a loan amount that exceeds the maximum amount that Fannie Mae and Freddie Mac will loan. You have the ability to obtain conventional financing above the conforming loan limit.
FHA 203(K) MORTGAGE
The FHA 203(k) Mortgage is offered by the Federal Housing Administration (FHA). The mortgage allows you to purchase a home and remodel or rehabilitate your home all with one loan and a low down payment.