Loan Programs

Which Mortgage is Right for You?

There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Whether you are purchasing your first home, buying a second home, or refinancing your current home, we have a loan program that will work for you!

Mortgage Rate Options

Fixed Rate

The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

Adjustable ARM

Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. ARMs usually have a fixed rate period between 3-7 years.

Interest Only

Interest Only loans require the borrower to make only the interest payment on the full balance of the loan. Interest only loans do not amortize on their own. A balloon payment of the principle balance will be paid at a specified time, usually at the last scheduled payment of the loan.

Loan Program Options

Conventional Loans

Conventional loans are loans that meet Fannie Mae and Fredie Mac criteria. Typically, conventional loan limits are $647,000, but certain counties have higher limits.

Jumbo Loans

A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan.