Residential Mortgage Loan Programs

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Conventional Loans

A Conventional Loan is one of the most popular mortgage options for homebuyers and homeowners looking to refinance. These loans are not backed by the government and typically offer competitive interest rates and flexible terms.

Benefits:

• Down payments as low as 3%

• Fixed and adjustable-rate options

• Available for primary residences, second homes, and investment properties

• No upfront mortgage insurance fee

Best For: Borrowers with good credit and stable income seeking competitive financing.

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FHA Loans

An FHA Loan is insured by the Federal Housing Administration and is designed to help first-time homebuyers and those with less-than-perfect credit achieve homeownership.

Benefits:

• Down payments as low as 3.5%

• Lower credit score requirements

• Flexible debt-to-income guidelines

• Gift funds allowed for down payment and closing costs

Best For: First-time homebuyers and borrowers needing more flexible qualification requirements.

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VA Loans

VA Loans are backed by the U.S. Department of Veterans Affairs and are available to eligible veterans, active-duty military members, and certain surviving spouses.

Benefits:

• No down payment required

• No monthly mortgage insurance

• Competitive interest rates

• Flexible credit requirements

• Limited closing costs

Best For: Veterans and active-duty military members looking to maximize their homebuying benefits.

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USDA Loans

USDA Loans are backed by the U.S. Department of Agriculture and are designed for homebuyers purchasing property in eligible rural and suburban areas.

Benefits:

• No down payment required

• Competitive interest rates

• Reduced mortgage insurance costs

• Flexible credit guidelines

Best For: Buyers seeking affordable financing in eligible rural communities.

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Jumbo Loans

A Jumbo Loan is designed for homebuyers purchasing higher-priced properties that exceed conventional loan limits.

Benefits:

• Financing for luxury and high-value homes

• Competitive fixed and adjustable-rate options

• Loan amounts above conforming limits

• Flexible financing solutions for high-income borrowers

Best For: Buyers purchasing luxury or high-priced properties.

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Adjustable-Rate Mortgages (ARM)

An Adjustable-Rate Mortgage offers an initial fixed interest rate period followed by periodic rate adjustments.

Benefits:

• Lower initial monthly payments

• Fixed-rate periods available from 3 to 10 years

• Great option for short-term homeowners or investors

Best For: Borrowers who plan to move, refinance, or sell before the adjustment period begins.

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Fixed-Rate Mortgages

A Fixed-Rate Mortgage provides an interest rate that remains the same throughout the life of the loan.

Benefits:

• Predictable monthly principal and interest payments

• Protection from rising interest rates

• Available in multiple terms including 15, 20, and 30 years

Best For: Homebuyers seeking long-term stability and predictable payments.

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First-Time Homebuyer Programs

Special financing programs designed to make homeownership more affordable for first-time buyers.

Benefits:

• Down payment assistance programs available

• Reduced down payment requirements

• Potential grants and closing cost assistance

• Homebuyer education resources

Best For: Individuals and families purchasing their first home.

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Refinance Loans

Refinancing allows homeowners to replace their current mortgage with a new loan that better fits their financial goals.

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Rate & Term Refinance

Lower your interest rate, reduce your monthly payment, or shorten your loan term.

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Cash-Out Refinance

Access your home’s equity to consolidate debt, renovate your home, or cover major expenses.

Best For: Homeowners looking to improve their financial situation or leverage their home equity.