Loan Programs

Fixed-Rate Mortgages

A fixed-rate mortgage is a commonly chosen loan type, where monthly principal and interest payments stay the same for the entire loan term, usually between 10 and 30 years. These loans can also be repaid early without incurring any penalties.

Adjustable Rate Mortgages

Adjustable Rate Mortgages (ARMs) start with a fixed interest rate for an initial period, after which the rate can change throughout the loan term. ARMs typically offer lower initial rates than fixed-rate mortgages, helping you afford a more expensive home.

Interest-Only Mortgages

Interest-only mortgages let borrowers pay only the interest for a set period, leading to lower initial payments. These loans can be helpful for individuals with variable incomes or those seeking short-term savings.

Graduated Payment Mortgages

Graduated Payment Mortgages (GPMs) offer a unique loan structure where payments start low and increase annually for a set period, typically 5 to 10 years, before stabilizing for the remaining term.

FHA Loans

FHA home loans, supported by the Federal Housing Administration, provide an opportunity for homeownership to those who may not qualify for traditional mortgages. These loans are available for both single-family and multifamily properties.

VA Home Loans

VA (Veterans Affairs) Home Loans provide veterans with the chance to obtain federally backed home loans that require no down payment, offer lower interest rates, reduced closing costs, and come with no prepayment penalties.

USDA Loans

USDA loans provide low-interest, zero down payment mortgages aimed at helping low-income Americans who may not qualify for conventional loans. These loans are available for properties located in designated rural or suburban areas, making homeownership more accessible and affordable.

Jumbo Loans

Jumbo loans are intended for financing properties that surpass the conforming loan limits established by the Federal Housing Finance Agency (FHFA), which is $548,250 in most counties. As non-conforming conventional mortgages, they are seen as riskier for lenders since they aren't eligible for backing by Fannie Mae or Freddie Mac.