LOAN PROGRAMS
Which Mortgage is Right for You?
There are many types of home loans available, and understanding your options can make a big difference. Fortunately, our team is here to guide you in choosing the loan that best fits your goals.
Mortgage Rate Options
Adjustable ARM
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-i...
Fixed Rate
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Graduated Payments
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
Loan Program Options
Conventional
Ideal for borrow customers with a steady income and sufficient down payment, borrow- customers pay the same monthly payment amount over loan’s lifetime
FHA Home Loan
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment
VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates, no required downpayments and more
USDA Loans
If you’re looking to buy a home in a rural or suburban area with no down payment and minimal investment, you might consider the USDA Rural Development Loan
Reverse Mortgages
A reverse mortgage is a loan available to homeowners aged 62 or older that allows them to convert part of their home equity into cash—without having to sell their home or make monthly mortgage payments. Instead of making payments to a lender, the lender pays you, either through a lump sum, monthly payments, or a line of credit.
This can be a powerful financial tool for retirees looking to supplement income, cover healthcare expenses, or simply improve cash flow during retirement. The loan is repaid when the borrower sells the home, moves out, or passes away.
- No monthly mortgage payments required
- Funds can be received in multiple ways (lump sum, monthly, or line of credit)
- You retain ownership of your home
- Backed by the FHA under the Home Equity Conversion Mortgage (HECM) program
Not sure if it’s right for you? Our team is here to walk you through the benefits, requirements, and whether a reverse mortgage fits your financial strategy.
- No monthly mortgage payments required
- Funds can be received in multiple ways (lump sum, monthly, or line of credit)
- You retain ownership of your home
- Backed by the FHA under the Home Equity Conversion Mortgage (HECM) program
Not sure if it’s right for you? Our team is here to walk you through the benefits, requirements, and whether a reverse mortgage fits your financial strategy.
