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Home Financing Library

Loan Programs

Choosing a Loan Program

The right type of mortgage for you depends on many different factors. As a result, there are many loan program options for you to choose from.

Conventional Loans

Conventional loans are secured by government sponsored entities such as Fannie Mae and Freddie Mac. Conventional loans can be made to purchase or refinance homes, single family to four family homes.

Fixed Rate Mortgages

A loan program where your monthly principal and interest payments never change throughout the life of the loan.

Adjustable Rate Mortgages (ARMs)

Adjustable rate mortgages have monthly principal and interest payments that change after a set period of time. The interest rate changes based on an external financial index. In general, the lower the start rate is the shorter the time before the loan makes its first adjustment.

London InterBank Offered Rate (LIBOR)

A One-Time Close Construction Loan may help you save time and money. You’ll enjoy the convenience of one loan, one application and one closing date.

One-Time Close Construction Loans

This index is used to determine the interest rate changes for some types of ARMs.

Interest Rate Buydowns

In certain markets, Interest Rate Buydowns may be available.