Review mortgage loan options available when working with your Mortgage Team.
Fixed Rate Conventional Mortgage
This is one of the most common mortgages that are offered. This can be a great go-to loan for both first time home buyers and customers buying their second home, vacation home, or forever home.
Rural Development (RD) Loan
The RD mortgage may be a loan type you have not heard of before but may be a great solution for you. This loan is only available in certain areas defined by USDA.
Veterans Administration (VA)
If you are a veteran or the widow of a veteran this may be a good mortgage option for you. The VA mortgage has favorable interest rates, reduced closing costs, and the program allows for 100% financing when eligible.
Federal Housing Authority (FHA) Insured Loan
This mortgage option is commonly thought of for first time homebuyers, but that is not the case. A FHA mortgage is for a variety of people that have limited savings, maybe building up credit or low to moderate income. It offers a low-down payment, and the down payment could be a qualified gift, a grant, or a secured loan.
Click or tap to access a number of mortgage calculators designed to help you make an informed decision as you plan for your next purchase.