There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.
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A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
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 are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
A Reverse Mortgage allows eligible homeowners age 62 and older to convert a portion of their home equity into tax-free funds without selling their home or making required monthly mortgage payments, as long as loan obligations are met.
Access the equity you've built in your home without refinancing your existing mortgage. HELOCs and Home Equity Loans provide flexible financing for home improvements, debt consolidation, major purchases, investments, and other financial goals.
DSCR (Debt Service Coverage Ratio) Loans help real estate investors finance rental properties by qualifying based primarily on the property's cash flow rather than personal income. These flexible loan programs make it easier to purchase, refinance, and grow your investment portfolio.
Commercial Loans help businesses and investors finance the purchase, refinance, or construction of commercial real estate, including office buildings, retail centers, multifamily properties, warehouses, and mixed-use developments.
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 include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
