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What loan option is best?
Mortgage loans come in a variety of different options. Depending on your financial situation and preference we can find what's best for you. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
30 Year Fixed
30 year fixed-rate mortgage has a constant interest rate and monthly payment. This may be a good choice if you plan to stay in your home for a long time and you want a payment that never changes.
15 Year Fixed
15 year fixed-rate mortgage has a constant interest rate and monthly payment. It differs from the 30 year due to the term of the loan is only 15 years. Meaning you pay more monthly, but pay off your home faster.
Adjustable Rate
Unlike fixed rate mortgages that have interest rates that remain the same, the rate on an ARM changes periodically. This could be a good option if you don't plan to stay in your home for a long time.
FHA Loan
An FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5% is required.
VA Loan
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). VA loans have a lot of benefits, including no down payment and negotiable interest rates.
Jumbo Loan
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk.
203K Loan
The benefit of these loans is they give you the ability to buy a home in need of repairs that you might not otherwise have been able to afford. Down payment is minimal, and often you get decent interest rates.
USDA Loan
The United States Department of Agriculture gives out a variety of loans to help low or moderate income people buy, repair, or renovate a home in a rural area. Benefits include no down payment option.
HARP Loan
If you are underwater on your conforming, conventional mortgage loan, then you may be eligible to refinance without paying down principal, and without having to pay mortgage insurance.
Reverse Mortgage
A reverse mortgage pays off your existing mortgage, should you have one, by allowing you access to the home equity. Any money left after paying off your mortgage is available to use as you see fit.
Home Loan Process
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Complete our simple mortgage pre-approval letter request
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Receive options based on your unique criteria and scenario
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Compare mortgage interest rates and terms
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Choose the offer that best fits your needs