Types of Mortgages
Buying a Home
30-Year Fixed for Lower Monthly Payments
With a fixed rate the monthly payment will be the same for the entire loan term. A longer loan term makes the monthly payment much lower than a shorter term mortgage. Also, the lower monthly payment of a 30-year loan may help qualify for a larger loan amount.
Home Buying Mortgage Process Guidance
Prepare to submit financial documents to your lender which usually include proof of income and funds for the down payment. Make on offer, conduct an appraisal and inspection. Then, sign the necessary paperwork and close!
We offer a variety of mortgage and home loan refinance options. Take the first step towards becoming a homeowner and contact a licensed mortgage broker today to discuss today’s rates and your loan options.
See home buying checklist after accepted offer. Learn more about rates, mortgage types and help find the perfect loan option to achieve your financial goals.
Request a purchase quote based on the listing price of the home for sale and get a pre-approved in minutes.
Speak with a mortgage lender and try to obtain a mortgage pre-approval. Find the perfect loan to buy your dream home and achieve your financial goals.
Types of Mortgages for Homebuyers
Home loan options and types of mortgages include conventional, FHA, fixed-rate, variable and adjustable-rate mortgages.
Fixed-Rate Mortgage
Locked-in interest rate for the entire term.
- Predictable Payments
- Protection from Rate Increases
- Variety of Loan Length Terms
Conventional Loan
Non-government loans issued by private lenders.
- Down Payment Flexibility
- Potentially Lower Rates
- Issued by Private Lenders
FHA Mortgage
Insured by the Federal Housing Administration
- Flexible Debt-to-Income Ratio
- Competitive Interest Rates
- Lower Down Payment