Let Us Play Mortgage Matchmaker
We will find the perfect loan for your home buying journey
Our Most Popular Mortgage Programs
Conventional Loans
Conventional loans are mortgage loans not backed by a government agency like the FHA or VA. They typically require higher credit scores and larger down payments than government-backed loans but may offer more flexibility in terms and conditions, including loan amounts and property types.
FHA Loans
FHA loans are mortgages insured by the Federal Housing Administration, designed to help low-to-moderate income borrowers become homeowners with more flexible credit and down payment requirements than conventional loans. They often feature competitive interest rates and require mortgage insurance premiums.
VA Loans
VA loans are mortgage options available to veterans, active-duty service members, and eligible spouses, guaranteed by the U.S. Department of Veterans Affairs. These loans often feature competitive interest rates, no down payment requirements, and may be easier to qualify for compared to conventional mortgages.
USDA Loans
Conventional loans are mortgage loans not backed by a government agency like the FHA or VA. They typically require higher credit scores and larger down payments than government-backed loans but may offer more flexibility in terms and conditions, including loan amounts and property types.
Jumbo Loans
Jumbo loans are mortgage loans that exceed the conforming loan limits set by government-sponsored entities like Fannie Mae and Freddie Mac. They are typically used to finance high-value properties and may have stricter credit requirements and higher interest rates than conventional loans.
Reverse Mortgages
A reverse mortgage is a financial product allowing them to convert a portion of their home equity into cash while retaining homeownership. The loan is repaid when the borrower permanently leaves the home, either by selling the property or through other means, and can provide supplemental income in retirement.
Why Are There So Many Different Mortgage Options?
…and how do I know which one is right for me?
Our team of mortgage professionals will help you find the perfect match when it comes to your future home’s mortgage. A number of different criteria are considered when deciding on a mortgage, including:
- Credit score
- Loan amount
- Down payment
- Property type
- Occupation
- Loan terms
- Property Location
- Financial Goals
Frequently Asked Questions About Buying a Home
What types of home loans are available?
The most common types of home loans include Conventional Loans, FHA Loans, VA Loans, USDA Loans, and Jumbo Loans. Each type has different requirements and benefits depending on your financial situation and the type of property you’re purchasing.
What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage (ARM)?
A fixed-rate mortgage has a consistent interest rate and monthly payments for the life of the loan, typically 15 or 30 years. An ARM has an interest rate that starts lower but can adjust periodically, usually after an initial fixed period, potentially increasing your monthly payments.
How do I decide between a 15-year and a 30-year mortgage?
A 15-year mortgage has higher monthly payments but allows you to pay off your home faster and save on interest. A 30-year mortgage has lower monthly payments, making it easier to manage your budget, but you’ll pay more in interest over the life of the loan.
What is an FHA loan, and who is it best for?
An FHA loan is a government-backed mortgage with more lenient credit and down payment requirements, making it a good option for first-time homebuyers or those with lower credit scores. It requires mortgage insurance, which adds to the cost.
What is a VA loan, and who qualifies for it?
A VA loan is a government-backed mortgage specifically for veterans, active-duty service members, and eligible surviving spouses. It offers benefits like no down payment, no private mortgage insurance (PMI), and competitive interest rates.
What is a USDA loan, and how do I know if I qualify?
A USDA loan is a government-backed mortgage designed for rural and suburban homebuyers with low to moderate incomes. It offers 100% financing (no down payment) and low interest rates. Eligibility depends on location and income limits.
What is a jumbo loan, and when would I need one?
A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). You would need a jumbo loan if you’re purchasing a high-value property that costs more than these limits.
How does my down payment affect the type of loan I should choose?
A larger down payment can help you avoid private mortgage insurance (PMI) on conventional loans and may allow you to qualify for better interest rates. Some loans, like FHA and VA loans, require lower down payments but may have additional costs like mortgage insurance.
How do interest rates affect my loan choice?
Interest rates determine the cost of borrowing money. A lower interest rate means lower monthly payments and less paid in interest over time. Fixed-rate loans lock in a rate, while ARMs may offer a lower initial rate that could increase later.
Should I consider a lender's reputation and customer service when choosing a loan?
Yes, a lender’s reputation and customer service are important because they can affect the ease and transparency of the loan process. A reputable lender with good customer service can help you navigate the complexities of securing a mortgage and address any issues that arise efficiently.
