Loan Programs

What kind of loan program is best for you?
Deciding which mortgage product is best for you will depend largely on your unique circumstances.   Should you seek a fixed-rate or an adjustable rate mortgage?   What is better for you: a conventional loan; or a government loan?   What does FHA, VA, or USDA mortgage mean and are they right for me?

Seldom is there just one correct answer.  In fact, it will likely depend on your own, unique circumstances.  Fortunately, we are here to help you!   We will help you get comfortable making these, and many other decisions related to possibly the largest largest real estate investment transactions many peope make in there lifetime.

Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.

Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.

FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.

USDA Loans
A USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.

Balloon Mortgages
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.

Reverse Mortgages
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.

Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.

Bridge Loan
A bridge loan is a short-term loan (typically 6-months or less) used to temporarily finance a real estate transaction for the purpose of allowing a brief period of time for a contigency to be met or fulfilled.  These loans are typically only available through local, community bank style lenders.  The most common applications for a Bridge Loan is to finance a home purchase prior to the borrower completing the sale of an existing home they already own, and it is not viable for them to retain both properties for more than a short period of time.