LOAN PROGRAMS

FIXED RATE MORTGAGE -

These traditional loan types have a constant interest rate and monthly payments that never change which makes it easier to stick to your budget.. This may be a good choice if you plan to stay in your home for a period of time.  Pick a shorter term to save on interest over the course of the loan.  Choose a longer term for a more affordable monthly payment.

 

ADJUSTABLE RATE MORTGAGE -

ThIs a loan where the interest payment could change over the course of the loan. These increasingly popular Arms can offer the best of both worlds: lower interest rates and a fixed payment for a longer period of time than most adjustable rate loans.

                             

FHA - Federal Housing Administration Loan - 

Looking for a low down payment option to purchase your home?  FHA only requires a 3.5% down payment.  There are no income or location restrictions.

 

USDA RURAL DEVELOPMENT HOME LOAN PROGRAM -

This home purchase program provides a zero downpayment option for low to moderate income households.  This is a great option for communities with less than 30,000 residences.  Let our Mortgage Loan Officers assist you in determine your eligiblity for this program.

 

VA - Veterans Administration Loan -  

This home purchase program offers a zero down payment option for eligible Veterans.