Some of the most Popular loan options
30-YEAR FIXED MORTGAGE
One of the most popular terms for any home buyer is the 30 year fixed rate mortgage. The fixed rate offers payment stability over the long haul and financing out to 30 years helps keep your payment lower compared to loans with shorter terms.
15-YEAR FIXED MORTGAGE
This term allows for a faster payoff and usually will offer a lower interest rate compared to a 30 year loan.
ADJUSTABLE-RATE MORTGAGE
Sometimes these programs have an initial lower rate than a fixed rate mortgage. But after a certain amount of time usually 5, 7, or 10 years the rate can fluctuate up or down.
FHA LOANS
This loan program is utilized by many first-time buyers and home buyers with less than perfect credit.
Down payments as low as 3.5%
FIRST-TIME BUYER LOANS
Many first-time buyers utilize the loans discussed in this section. Certain loan programs have special provisions for first time buyers that may assist the buyer in qualifying for a home loan or make the loan more affordable.
FHA STREAMLINE
When you already have an FHA loan and want a lower interest rate this is a great product to consider. Fewer steps and less documentation requirements than the standard FHA loan.
JUMBO LOANS
When you need a big loan over Fannie and Freddie macs conforming loan limits.
USDA-RD LOANS
Designed for low to moderate income households purchasing in certain rural areas. This program has no down payment requirement which makes it very popular in rural America.
VA LOANS
Qualified veterans, service members and their spouses can finance up to 100% of their loan. VA does not require private mortgage insurance which really gives the buyer a lot of bang for their buck.
PROPERTY TYPES AND LOAN PURPOSES
We offer a variety of financing options for but not limited to: Primary Residence, Second Home, Investment Property, Purchase, Rate Term Refinance, and Cash Out Refinance.
If you aren’t sure which program is right for you, no need to worry. Call us today and let our highly qualified home loan experts guide you through the process! Call us today (479) 689-4601 you can also send us an email.