Loan Programs

Which Mortgage is Right for You?

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.

Government Loans

FHA Home Loan

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.

Conventional Loans

Jumbo Loans

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

HELOC

Home equity line of credit available in fixed rates in variable draw lengths

Mortgage Basics

Jump in and get an overview of common mortgage terms.

Application Checklist

Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying.

Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score.

Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down payment.

Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value.

Private Mortgage

Insurance (PMI)

Private Mortgage Insurance, or PMI, is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house.

Refinance

Refinancing your mortgage is a common practice used to lower monthly payments and interest rates, lower your DTI and more.

Foreclosure

Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract.