Home Loans
30-Year Fixed Rate
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change.
- Fixed Rates
- Conforming Loans
- Jumbo
15-Year Fixed Rate
This loan is fully amortized over a 15-year period and features constant monthly payments. It may offer advantages to a longer duration loan, plus you may get a lower interest rate. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
- Fixed Rates
- Conforming Loans
- Jumbo
Adjustable Rates
An ARM is an Adjustable Rate Mortgage. Unlike fixed rate mortgages that have an interest rate that remains the same for the life of the loan, the interest rate on an ARM will change periodically. The initial interest rate of an ARM may be lower than that of a fixed rate mortgage, consequently, an ARM maybe a good option to consider if you plan to own your home for only a few years; you expect an increase in future earnings; or, the prevailing interest rate for a fixed mortgage is too high.
- Adjustable Rates (ARM)
- Conforming Loans
FHA Loan
An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). This federal agency, which currently resides within the Department of Housing and Urban Development, was founded in 1934. Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. These loans offer more lenient credit, income and down payment requirements than conventional mortgages.
- Fixed Rates
- 3.5% Down Payment
- Purchase & Refinance Loans
FHA Streamline Loan
An FHA Streamline loan is a mortgage that was designed for a current homeowner who have an existing mortgage with Federal Housing Administration (FHA). The benefits include no income verification.
- Fixed Rates
- Lowering Interest Rates
VA Loan
A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA), protecting the lender. The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
- Fixed Rates
- Low Down Payments
- Jumbo
- Purchase & Refinance Loans
VA IRRRL Loan
A VA IRRRL loan is a mortgage that was designed for eligible American veterans. IRRRL stands for Interest Rate Reduction Refinancing Loan. The benefits include no income and assets verification and no appraisal.
- Fixed Rates
- Jumbo
Jumbo Loan
A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. As of 2021, the limit is $548,250 for most of the US, apart from Alaska, Hawaii, Guam, and the U.S. Virgin Islands, where the limit is $822,373. Rates tend to be a bit higher on jumbo loans because lenders generally have a higher risk.
- Fixed Rates
- Higher Limits
Bank Statement Loan
A bank statement loan is a loan for eligible self-employed borrowers to purchase or refinance a loan. This product allows personal or business bank statements to calculate income without requiring tax returns. 12- or 24-months business or personal bank statements are required for qualifying income and loan approval.
- Fixed Rates
- Qualify with bank statements
Non-Traditional Loan
A Non-Traditional loan is a loan for investors. It is often times used for purchasing an investment property or obtaining financing for a business purpose loan.
- Fixed Rates
- Adjustable Rates
Looking for a mortgage loan to buy a new home or refinance our existing home?