Loan Types

Fixed rate mortgages
This type of loan has an interest rate that doesn’t change over the life of the loan, so monthly payments for principal and interest (P&I) do not fluctuate. They typically have a 15- or 30-year term length, though they can be for any length the borrower and lender agree upon.
Adjustable rate mortgages
This type of loan has interest rates that are adjusted periodically based on changes in overall interest rates. If interest rates rise, you can expect to see an increase in what you pay monthly. Your interest rate and monthly P&I stay the same for an initial period of 5, 7 or 10 years, then are adjusted annually.
FHA mortgage programs
These loans are insured by the U.S. Department of Housing and Urban Development. They are designed to make housing more affordable, particularly for first-time homebuyers. FHA loans typically permit borrowers to buy a home with a lower down payment than conventional loans or refinance with less home equity. Current FHA loan limits vary depending on home type and home location.
VA mortgage programs
This type of loan is guaranteed by the U.S. Department of Veterans Affairs. It was created to help make housing affordable for eligible U.S. veterans and members of the military. VA home loans are available to veterans, reservists, active-duty military personnel, and surviving spouses of veterans with 100% entitlement. Eligible veterans may be able to buy a home with no down payment, refinance up to 100% of the home’s value and pay no private mortgage insurance.
USDA Loans
Offers eligible borrowers in rural areas with no-down-payment financing options. No minimum down payment or cash reserve requirements. Closing costs and fees may be financed as part of the loan amount up to 100% of the appraised value
Jumbo (Non-Conforming) Loans
Provide financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac. Stricter Requirements: Lenders typically require higher credit scores, larger down payments, and more substantial cash reserves for jumbo loans compared to conforming loans.
First Time Homebuyer Program
According to consumer research, the ability to save enough money for a down payment and closing costs is often the main obstacle that stands between potential first time home buyers and homeownership.
In support of first time home buyers who may lack the funds to make a larger down payment and cover closing costs - but otherwise qualify for a mortgage - we offer 3% down, conventional home financing.