Home Financing Library
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 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.
A loan program where your monthly principal and interest payments never change throughout the life of the loan.
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.
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.
This index is used to determine the interest rate changes for some types of ARMs.
In certain markets, Interest Rate Buydowns may be available.