EXPLORE YOUR LOAN OPTIONS

Fixed-rate mortgages maintain a stable interest rate throughout the entire loan term, offering predictability in monthly payments but often come with slightly higher initial rates. Adjustable-rate mortgages (ARMs), however, start with lower interest rates that can change periodically, leading to potential fluctuations in monthly payments based on market conditions. 

 FHA (Federal Housing Administration) home loans are government-backed mortgage loans designed to make homeownership more accessible, especially for first-time buyers and those with lower credit scores or smaller down payments.  This program offers more flexible qualifying criteria, including a minimum down payment requirement of of 3.5%.

VA (Department of Veterans Affairs) home loans are mortgage loans exclusively available to eligible veterans, active-duty service members, and certain members of the National Guard and Reserves. These loans offer numerous benefits, including no down payment requirement, competitive interest rates, and no private mortgage insurance (PMI) premiums.  

 Construction and renovation home loans, such as FHA 203(k) and Fannie Mae HomeStyle loans, provide financing for both the purchase of a home and the necessary funds for renovations or construction.  These loans can be an excellent option for those looking to transform a property into their dream home or invest in property improvements. 

USDA (United States Department of Agriculture) home loans are government-backed mortgage programs designed to promote homeownership in rural and suburban areas.  To qualify for a USDA loan, borrowers typically need to meet certain income limits and purchase a home in an eligible rural or suburban area, as defined by the USDA. 

 Jumbo home loans are mortgage loans that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are used to finance higher-priced homes and are typically associated with larger down payments, more stringent credit requirements, and slightly higher interest rates compared to conforming loans. 

Down payment assistance programs can significantly reduce the upfront costs, making homeownership more attainable for those with limited savings. These programs provide grants, loans, or other forms of financial aid to eligible buyers, often in the form of a percentage of the home's purchase price. 

There are a number of loan options that only require down payments ranging from 3% to 5% of the home's purchase price, making homeownership more accessible to those with limited savings. They include programs like FHA loans, VA loans, and conventional loans with private mortgage insurance (PMI), each with its own eligibility criteria and benefits. 

Traditional mortgage options for real estate investors include conventional loans that follow standard lending guidelines. Non-conforming mortgage options, on the other hand, are designed for investors with unique financial situations or those looking to finance properties that don't meet standard criteria.  

 Homeowners often refinance to secure a lower interest rate, reduce their monthly payments, change their loan term, or access home equity. Refinancing can be a strategic financial move that helps homeowners save money, achieve their financial goals, or better align their mortgage with their current circumstances. 

Self-employed individuals often have fluctuating income or write-offs that can make it challenging to meet traditional lending criteria. Non-conforming loans consider alternative income documentation, making it easier for self-employed borrowers to qualify for a mortgage and achieve homeownership.