Loan Programs

Conventional Fixed Rate Mortgages 
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. 1st time home buyer programs with many downpayment options (100% gift funds allowed) down to 620 credit scores; no PMI (private mortgage insurance) and low PMI options available. 0% down-Down Payment Assistance Programs (100% financing), W2 only programs, and self employed bank statement only programs, non-jumbo programs with loan amounts up to $679,650 available. 

Adjustable Rate Mortgages (ARMs) 3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.

HARP 2.0 is a refinance option for homeowners that are "underwater," meaning they owe more on their home than their home is worth.

FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with 0% down payment prorgrams available, programs available with 100% financing. 

VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates, and no down payment requirement and no monthly mortgage insurance. This program was designed to help military veterans realize the American dream of home ownership.

USDA-Rural Development Loans
USDA loans are mortgages guaranteed by the Department of Agriculture. One of the most beneficial programs for home buyers located in eligible rural and suburban areas purchasing a single family primary home.  This loan allows home buyers the ability to obtain 100 percent financing ($0 down payment mortgage option), allowing qualified borrowers to purchase the home of their dreams without having to spend years saving for a down payment. 

What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer, let one of our qualified home loan experts review this with you for the best option.