Understand Your Loan Options
As a premier home loan solutions provider, we strive to make the
mortgage process for first-time homebuyers as straightforward as
possible while meeting your homeownership needs and expectations.
With a variety of affordable financing options and competitive
interest rates, our experienced mortgage professionals will help
deliver the borrowing solution that's right for you.
Types of Mortgages:
A conventional mortgage is a loan that is not backed by a
government agency like the Federal Housing Administration. It is
available as a fixed or adjustable-rate and often requires
borrowers to make a down payment of between 5 and 20 percent of a
home's purchase price.
Federal Housing Administration (FHA) Loan
A FHA loan is ideal for first-time homebuyers or low to moderate
income borrowers who are unable to make a large down payment. FHA
loans require as little as 3.5% of the home's purchase price for
the down payment and are available as a fixed or
United States Department of Agriculture (USDA)
A USDA loan is insured by the government and provides homebuyers
with opportunities not available through other loan types. USDA
loans offer many benefits such as 100% financing with no down
payment but certain requirements must be met such as income
limitations and property location.
A construction loan offers financing for the cost of
constructing a home at a fixed or adjustable-rate. Typically, a
construction loan provides the funds in installments in advance of
the work being completed so you can build your dream home.