Conventional & FHA Home Loans

Conventional Loans are the most common mortgage type is offered by most lenders. Conventional loans are often the best option for borrowers with strong credit who can contribute a down payment of at least 3%, or perhaps quite a bit more. Find out what conventional means in the mortgage industry, and whether it might be the right type of home loan for you. Call us to see if a Conventional loan is the right option for you! 

FHA Loans are excellent for first time-time home buyers or borrowers who seek flexibility. FHA loans are typically more lenient with credit scores and down payment requirements. Call us to see if an FHA loan is the right option for you! 

Reverse Mortgages

 A reverse mortgage loan, like a tradtional Mortgage allows homeowners to borrow money using their home as security for the loan.  Also like a traditional mortgage, when you take out a reverse mortgage loan, the title to your home remains in your name. However, unlike a traditional mortgage, with a reverse mortgage loan, borrowers don’t make monthly mortgage payments. The loan is repaid when the borrower no longer lives in the home. Interest and fees are added to the loan balance each month and the balance grows. Call us to see if a Reverse Mortgage is the right option for you! 
 

VA Home Loans

A VA loan is a mortgage option issued by private lenders and partially backed, or guaranteed, by the Department of Veterans Affairs. Here we look at how VA loans work and what most borrowers don’t know about the program. For the vast majority of military borrowers, VA loans represent the most powerful lending program on the market. Call us to see if a VA loan is the right option for you!  



 

Jumbo 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 most counties, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo loan. Call us to see if a Jumbo loan is the right option for you! 


 

30 & 15 Year Fixed Loans

If you're thinking of applying for a fixed-rate mortgage, you need to decide on a loan "term" to go with it. A loan's term is the length of time that you will spend repaying the loan. It influences how much you'll pay each month, including interest, and it defines how long it will be until you'll own the home outright. Fixed-rate mortgages typically come with 15 or 30-year loan terms—although, some lenders offer 10 and 20-year loan terms as well. Let's go over the advantages and disadvantages of each option!

USDA Loans

A USDA home loan is a zero down payment mortgage for eligible rural homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture. Call us to see if a USDA loan is the right option for you!