Explore Loan Types
With several types of loans to choose from, home ownership is attainable for nearly everyone. I will work closely with you to present you with all available options and help you make the best decision for your individual situation. Contact me today to get started.
Conventional mortgages come in two types: fixed rate and adjustable rate. A fixed rate mortgage has an interest rate that is established at the time of mortgage origination and provides a level payment for the life of the loan. Adjustable rate mortgages usually start with a lower interest rate and monthly payment, but changes over time based on market conditions.
FHA mortgages are loans made through a mortgage lender insured by the Federal Housing Administration. This type of loan allows a purchaser to buy a home with as little as 3.5% down. Borrowers who cannot or do not want to invest a large down payment, or who have a blemished credit history, should consider this type of government loan.
Veterans Administration mortgages are government loans available to veterans of the armed services, those currently on active duty, reservists, and widows or widowers of veterans. Most VA loans require no down payment at all and have flexible qualifying and credit requirements.
USDA rural development program loans provide low and moderate-income households the opportunity to finance a primary residence in eligible rural areas with $0 down. Qualified applicants may use this type of loan to purchase or refinance a home.
Renovation loans are available in both conventional and FHA types and can be used for the purchasing or refinancing a home, or to finance an addition to your current home. These are available for primary residences, second homes, and investment properties.