If you’re interested in purchasing a home, a great place to start is to familiarize yourself with the types of loan products available. Below, you’ll find some of the most popular loan products for purchasing a home. Read through the details about each one and write down any questions you have.
Then, when you’re ready, get started now by contacting one of our excellent loan originators over the phone, through our contact form, or simply start the approval process now by clicking Apply Now at the top of each page. It’s quick, easy, and secure.
Conventional Mortgages are often considered the go-to standard of mortgage loans. They have competitive interest rates, are very wide-ranging in options, and can fit most circumstances. You could think of them as the O+ blood type of mortgage loans.
An FHA mortgage is a mortgage that is secured by the federal government, specifically the Federal Housing Administration. Basically, this means that if a borrower quits paying and loses their home in a foreclosure, the government will make sure the lender doesn’t suffer any losses.
A VA mortgage is a mortgage available to service members, veterans, and eligible surviving spouses. It is a benefit provided by the Department of Veterans Affairs (VA) and is guaranteed by the federal government.
Jumbo mortgages are defined by a loan amount that exceeds the maximum amount that Fannie Mae and Freddie Mac will loan, otherwise called the conforming loan limit.
While not technically a mortgage product on its own, Adjustable Rate Mortgages are so popular that they are often thought of as one. Any mortgage can be an Adjustable Rate Mortgage simply by having an interest rate that, well, adjusts.
If you are unfamiliar with the FHA 203(k) Mortgage, have we got a treat for you! With this mortgage product, you can purchase a home AND remodel or rehabilitate it all with one loan.