Loan Programs

Use the information below to choose the best program for your need.

There are many loan products designed to meet the borrower’s individual criteria. Most of these products fall into a few basic loan types.

A mortgage in which the buyer contracts for a specified interest rate over a specific period of time, such as 15 or 30 years. The principal and interest payment does not vary; however the escrowed portion of the payment may change due to changes in taxes and homeowners insurance rates.

A mortgage loan with an interest rate that periodically adjusts to current market rates dependent on the index tied to the loan. These loans do not have a minimum down payment and can either have PMI or subordinate financing.

These loans are government backed by the Federal Housing Administration. FHA mortgages feature low down payments and also less stringent income and financial requirements to qualify. The property has to meet more stringent requirements, therefore this is not a good choice if you are looking for a fixer-upper. Please contact your Loan representative for the FHA Loan limit in your area.

A mortgage loan for qualified veterans, active duty military service personnel and reservists with no down payment requirements. These loans are guaranteed by the Department of Veterans Affairs.