Loan Programs

There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we’re here to help you choose the best type of home loan for your needs.

Mortgage Rate Options

Fixed Rate

The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

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Adjustable ARM

Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions.
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Interest Only

Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle
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Graduated Payments

Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time
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Loan Program Options

Conventional

A Conventional Loan is a traditional home mortgage not insured or guaranteed by the government.

FHA

FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA).

VA

The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment.

Jumbo

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan.

Refinance

A Refinance Loan allows homeowners to replace their current mortgage with a new one, often with better terms.

DSCR

A DSCR Loan is typically used for investment properties, particularly commercial real estate.

USDA

USDA loans are low-interest mortgages with zero down payments designed for low-income Americans who don’t have good enough credit to qualify for traditional mortgages.