Loans
CONVENTIONAL LOANS
Your interest rate will not change throughout the life of your loan.
Benefits
- 100% financing may be available
- Monthly payments are fixed and won’t change when interest rates change
- 15-, 20-, and 30-year options available
FHA LOANS
FHA loans are insured by the Federal Housing Administration and offer flexible down payment requirements.
Benefits
- Credit scores as low as 500 can qualify
- Down payments as low as 3.5%
VA Loan
The program is guaranteed by the U.S. Department of Veterans Affairs (VA) and is offered by private lenders such as banks and mortgage companies.
Benefits
- No down payment requirements
- Lower interest rates
- Less stringent credit and income requirements
Refinance
When a borrower refinances a mortgage, they go through a similar process as when they obtained their original mortgage. This includes submitting a loan application, providing documentation to the lender, and undergoing a credit check
Benefits
- Lower monthly payments
- Reduced interest rates