Compare Home Loans
FHA (Federal Housing Administration) Mortgage Loans help buyers who might have a hard time getting approved based on their credit history and income. Some features of this program are: a down payment as low as 3.5%; funding your down payment with gift money from one of your relatives or help from the seller towards your closings cost up to 6% of the purchase price, and possibly get extra funding for renovations and repairs.
A VA loan is a loan insured by the Department of Veterans Affairs. The VA loan was designed to offer long-term financing to American veterans or their surviving spouses. In a purchase, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less. Since there is no monthly private mortgage insurance (PMI), more of the mortgage payment goes directly towards qualifying for the loan amount. This allows for larger loans with the same payment.
USDA loans are primarily used to help individuals or households purchase homes in rural areas. The USDA will lend up to 100% of the appraised value. This feature allows applicants to finance if needed, any closing costs if the appraised value is higher than the sales price.
Conventional Loans are not guaranteed by the FHA or the VA. A conventional loan will fund up to 97% of the purchase price of a home and up to 95% of the refinance amount of an existing home. Conventional loans have stricter guidelines when compared to FHA loans, VA loans, and USDA loans. It’s a loan that follows guidelines set by Fannie Mac and Freddie Mae, two federal agencies that help standardize mortgage lending in the United States. Conventional loans are also known as “conforming loans” because they conform to Fannie Mae and Freddie Mac standards.
Jumbo Mortgage Loans are for borrowers who are obtaining a mortgage that exceeds the Conventional Mortgage maximum loan amount of $484,350. The minimum down payment is 5% and the credit score qualifying criteria and income requirements are higher than conventional loans.
Fixed-rate Mortgage Loans are the simplest type of loans because the interest rate on the loan remains the same throughout the term of the loan. This means you pay the exact same amount at every payment for the life of the loan. We originate fixed-rate mortgage loans with terms between 8 years and 30 years as well as odd year terms to match the monthly payment you are comfortable with. If you know the loan amount, the estimated interest rate and the number of years to repay the loan, you can conveniently calculate your fixed monthly payment on our website. The benefit to this type of loan is that the borrower has a predictable payment and has the ability to budget based on this fixed payment.
Home Improvement Loans take advantage of the equity you’ve built in your home, allowing you to finance renovations and repairs on your home. Whether it’s a new master bath, new kitchen, or a whole new addition.
Refinance Mortgage Loans can relieve your stress from maxed-out high-rate credit cards and other debts. The benefits of refinancing are a single predictable debt payment and a lower total interest rate. Unlike credit card debt, a refinance mortgage is a closed-end loan, which means it’s repaid by a specific date – helping you with budgeting.
Purchase Mortgages Loans – whether you’re a first-time homebuyer or a homeowner trading up to a larger home, we will help you find the best home loan solution for you. With products for new home purchases as well as second home mortgages and investment properties up to 4 units, you can trust our knowledge and years of experience.