Conventional mortgages are the most popular option for borrowers looking to purchase or refinance a home. Borrowers may choose between fixed- and adjustable-rate mortgages with terms from 10 to 30 years. Conventional mortgages are not insured or guaranteed by any government agency and may be sold to Fannie Mae or Freddie Mac.
Many borrowers enjoy the consistent monthly payment that comes with a fixed-rate Conventional loan, as this tends to make budgeting easier. However, adjustable-rate mortgages (ARMs) may make the initial payment lower with the payment adjusting after the fifth, seventh, or tenth year and every two years after for the term of the loan.
*Depending on specific loan characteristics.
A low down payment could open the door to your new home! Insured by the Federal Housing Administration, FHA loans were originally designed to serve first-time buyers with less-than-perfect credit or past credit issues. Today, FHA loans are available to borrowers of all kinds—even homeowners looking to refinance. FHA loans are generally more flexible in credit, income, and down payment requirements making them a secure choice for borrowers who might not qualify for Conventional loans.
Searching for a home in a rural area? We help make it happen with 100% financing and flexible credit and underwriting terms. Insured by the U.S. Department of Agriculture, USDA loans are mortgages made specifically for rural properties. The USDA’s Single Family Housing Guaranteed loan program is a popular choice for low- and moderate-income families looking to purchase or refinance a home. USDA loans are an affordable method to obtain adequate, decent, and safe housing in rural areas. Eligible applicants may build, rehabilitate, or relocate a dwelling in an eligible rural area.
We proudly offer home financing to those who serve and have served our country. If you’re a veteran or an active duty servicemember, there’s no better mortgage product for you. Guaranteed by the U.S. Department of Veterans Affairs, VA loans are specially designed with exclusive benefits—like flexible requirements and favorable terms—for veterans, active duty servicemembers, and eligible surviving spouses. Available programs include purchase and refinance options.
Are you buying a luxury home? Looking for a loan greater than the Conventional loan limit? Jumbo loans make it possible for borrowers to purchase properties with low interest rates and loan amounts up to $3M. We offer a wide variety of Jumbo loan products, including fixed- and adjustable-rate mortgages. We also carry an interest-only option, which means your monthly payment is all interest and no principal! If you have a high credit score, low debt-to-income ratio, and a sizable down payment, a Jumbo loan may be the best choice for you.
