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.
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 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.
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.