Types of Home Loans
Because every customer is different, we provide a large variety of customized home loan programs including refinance and home purchase options.
Our Loan Originators are specially trained to meet your individual needs, so you are able to achieve your financial goals. When you fill out an application, your Loan Originator meets with you one-on-one. That way you'll get to know us, and we'll get to know you. Then your Loan Originator can work effectively with you to design a program best suited to meet your specific financial needs.
In this section, you'll find definitions of many types of home loans. To determine the best kind of loan for your unique needs, be sure to discuss your home loan options with one of our Loan Originators.
Adjustable Rate Mortgage (ARM): A mortgage in which the interest rate is adjustable periodically based on a pre-selected index.
Debt Consolidation: A loan that combines monthly bills (for example, high interest credit cards and car loans) into one new low low-interest home loan with one monthly payment.
FHA Loan: A loan insured by the Federal Housing Administration. An FHA Loan is usually available at an attractive lower rate. It is open to all qualified borrowers.
Fixed Rate Mortgage: A mortgage for which the interest rate will remain the same throughout the entire term for the original borrower.
Home Purchase Loan: A loan to finance the purchase of real estate. With a variety of home purchase loans, we make the home buying process simple and can close your loan quickly.
Jumbo Loans: Jumbo mortgages are a good solution for borrowers looking to purchase a higher priced home.
Mortgage Refinance: A new loan made to a borrower who currently owns a property or has a first mortgage on it.
USDA Loans: A loan for non-farm homeowners in rural areas guaranteed by the United States Department of Agriculture's (USDA) Rural Housing Service.
VA Loans: A loan guaranteed by the US Department of Veteran Affairs (VA) to help veterans and their families acquire financing.
Call your local office for more details regarding the above home loan programs and find out how one of our Loan Originators can help you with a loan that matches your unique needs.