Loan Progams
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.
Here are a few of the most common types of loans. If you have questions or want to see if you qualify fill out the questionaire to start a discussion today.
FHA Home Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
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.
USDA Loans
Purchase a home with no money down in certain rural and suburban areas.
Conventional Loans
A Conventional loan refers to a mortgage that is not insured or guaranteed by any government agency, such as the FHA, VA, or USDA.
Jumbo Loans
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan.
Reverse Mortgage
A Reverse mortgage is a financial product available to homeowners typically aged 62 or older to allow them to convert a portion of their home equity into cash without having to sell their home.
Non-QM Loans
A Non-QM (Qualified Mortgage) loan is a type of mortgage that doesn't meet the standards set forth by the Consumer Financial Protection Bureau (CFPB) for qualified mortgages.
HELOC
A Home Equity Line of Credit (HELOC) is a type of revolving credit that allows homeowners to borrow against the equity in their home.
