Compare Home Loans
FHA (Federal Housing Administration) Mortgage Loans
A government-backed mortgage option insured by the Federal Housing Administration (FHA). The FHA Mortgage improves borrowers' access to homeownership for those who may not qualify for conventional financing opportunities.
Credit score and debt-to-income ratio (DTI) requirements can present a barrier to entry for many first-time home buyers. FHA loans have more lenient borrower requirements than some other types of mortgage loans in a few key areas.
The added flexibility in FHA loan requirements may be just enough to help qualified buyers secure financing on a primary residence. 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 closing cost of up to 6% of the purchase price, and possibly getting extra funding for renovations and repairs.
A VA loan is a loan insured by the Department of Veterans Affairs.
A mortgage loan insured by the Department of Veterans Affairs. It's an amazing deal for veterans and military members. Those who qualify for this loan can purchase with no down payment and no PMI. 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 mortgage payment goes directly toward 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 Mortgage Loans
A conventional Mortgage loan will allow financing up to 97% of the purchase price with a maximum loan amount limit of $726,200.00. Conventional loans typically 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
A Jumbo Mortgage will typically allow financing up to 90% of the purchase price for borrowers obtaining a mortgage that exceeds the Conventional Mortgage maximum loan amount of $726,200.00.
The above-mentioned all offer Fixed-rate Mortgage Loans; the interest rate on the loan remains the same throughout the term of the loan. This means you pay the exact same monthly mortgage payment throughout 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 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, a new kitchen, or a whole new addition.
Refinance Mortgage Loans can relieve 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.