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| Fixed Rate & Term (10, 15, 20, 30 and 40 Year) |
| Adjustable Rate Mortgages (1, 3, 5, 7, or 10 Year ARM) |
| Government Loans (FHA, VA, USDA & Sec. 184 for Native Americans) |
| High Loan-to-Value (Up to 125% LTV) |
| Jumbo Loans |
| Cash-Out Refinances |
| Construction Financing |
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Fixed Rate & Term (10, 15, 20, 30 and 40 Year)
These loans have a fixed rate throughout the life of the loan, so rates and payment do not change. Fixed rate loans are ideal for people who plan to remain in their home for an extended period of time.
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Adjustable Rate Mortgages (1, 3, 5, 7, or 10 Year ARM)
These loans have rates that are fixed for a specified period of time, then adjust once per year thereafter. ARMs are the way to go if you plan on being in your home for a short time (7 years or less).
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Government Loans (FHA, VA, USDA & Sec. 184 for Native Americans)
Government-sponsored loans designed to act as a buffer to lenders by reducing their risk in issuing loans to those with lower income, credit challenges, first-time homebuyers, U.S. veterans, and Native Americans.
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High Loan-to-Value (Up to 125% LTV)
New mortgage relief programs designed to help otherwise well-qualified borrowers whose property values have decreased.
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Jumbo Loans
A loan amount higher than the limits set by Fannie Mae and Freddie Mac, typically over $ 417,000.
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Cash-Out Refinances
This type of refinance loan allows a borrower to pay-off other debts or finance home improvements by using the equity in their current home.
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Construction Financing
A loan for 12-24 months where the money is used to build a new home. These loans can either be converted into a traditional mortgage at the end of construction, or paid-off by obtaining a new mortgage.
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