There are many different types of loans and we look to get you the best match possible for your situation!
Features: Your principal and interest payments never change. You have protection from rising interest rates and inflation.
Benefits: If you plan to stay in your home for a while you can enjoy long-term payment security. Payment predictability makes it easier to budget each month. It’s very simple to understand.
Adjustable-Rate Mortgage (ARM)
Features: Your start rate and payments are usually lower than that of a fixed-rate mortgage. Because the lower payment is used for qualifying, you may qualify to purchase more house. ARM rates typically adjust up or down after the introductory period.
Benefits: An ARM may be ideal to move, sell or refi in a few years or if you expect income increases that can offset higher payments should your rate adjust upward.
Features: You only need a 3.5% down payment/ FHA loans usually have more flexible qualifying guidelines than conventional loans.
Benefits: This loan is great if you’re looking for a mortgage with a low down payment or are using a gift for your down payment.
Features: Approved with a low or no down payment. VA loans have flexible qualifying guidelines and various program options from which to choose,
Benefits: Active duty and veteran military service qualify.