Mortgage Options

  • This agency-regulated-product offers a variey of loan terms from 8 years to a maximum of 30.
  • The interest rate is set at the time of closing and remains constant over the entire loan term.
  • Transactions with less than 20% invested into the value of the property will typically require Private Mortgage Insurance, which can be removed when certain criteria is met.
  • Minimum down payment programs are available for qualified applicants.

  • This agency-regulated-product offers a variety of initial fixed-rate periods of 3, 5, 7, or 10 years.
  • The interest rate is set at the time of closing and remains constant over the initial fixed-rate period.
  • Once the fixed-rate period expires, the interest rate can increase or decrease on an annual basis.
  • Transactions with less than 20% invested into the value of the property will typically require Private Mortgage Insurance, which can be removed when certain criteria is met.

  • This loan type of financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
  • Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.

  • Fixed Rate periods range from 10 years to 30 years.
  • The Veterans Administration loan program enables veterans and active-duty personnel to purchase or refinance a home with favorable loan terms.
  • VA offers mortgages that can accommodate no down-payment on many purchase transactions.

  • VA offers a 3 and 5-year initial fixed rate period.
  • The interest rate is set at the time of closing and remains constant over the initial fixed-rate period.
  • Once the fixed-rate period expires, the interest rate can increase or decrease on an annual basis.