When you think of a traditional home loan, you’re probably thinking of a conventional loan. These are typically backed by Fannie Mae and Freddie Mac.
FHA loans are insured by Federal Housing Administration. FHA loans give buyers an opportunity to finance a home with a low down payment.
VA loans are loans for veterans, active military (after a qualifying number of years), and spouses of veteran who have not remarried.
These are big loans. Jumbo means that the loans exceed the traditional conventional loan limits. Typically, they have stricter lending guidelines due to the higher loan amounts.
Adjustable rate mortgages are typically fixed for a short period of time, and then adjust based off of an index.
Did you know? We offer non qualified mortgage products…. such as qualifying with bank statements in lieu of tax returns, foreign national loans, and investor loans.