Mortgage Options

This agency-regulated-product offers a variey of loan terms from 8 years to a maximum of 30.
The interest rate is set at the time of closing and remains constant over the entire loan term.
Transactions with less than 20% invested into the value of the property will typically require Private Mortgage Insurance, which can be removed when certain criteria is met.
Minimum down payment programs are available for qualified applicants.

This agency-regulated-product offers a variety of initial fixed-rate periods of 3, 5, 7, or 10 years.
The interest rate is set at the time of closing and remains constant over the initial fixed-rate period.
Once the fixed-rate period expires, the interest rate can increase or decrease on an annual basis.
Transactions with less than 20% invested into the value of the property will typically require Private Mortgage Insurance, which can be removed when certain criteria is met.

Fixed-rate periods range from 10 years to 30 years.
New purchase mortgages allow for a low-down payment of 3.5% of the purchase price.
The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders throughout the United States.
FHA mortgage insurance provides lenders with protection against loss as a result of homeowners defaulting on their mortgage loans.

Fixed Rate periods range from 10 years to 30 years.
The Veterans Administration loan program enables veterans and active-duty personnel to purchase or refinance a home with favorable loan terms.
VA offers mortgages that can accommodate no down-payment on many purchase transactions.