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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Benbush, MO

Adjustable Rate Mortgage in Benbush, MO

An adjustable-rate mortgage is also called an ARM; it is a popular type of mortgage with an introductory interest rate that will last for a specific period of time before resetting...

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Conventional Loans in Benbush, MO

Conventional Loans in Benbush, MO

When you apply for a home loan, you have the option of choosing between a government-backed mortgage, like an FHA loan or a conventional mortgage...

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Down Payment Assistance Loans in Benbush, MO

Down Payment Assistance Loans in Benbush, MO

For many borrowers, particularly first-time buyers, the down payment and cash for closing costs is the greatest obstacle to buying a home in Benbush, MO...

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FHA 203k Home Loans in Benbush, MO

FHA 203(k) Streamline in Benbush, MO

Many borrowers who plan on buying a fixer-upper discover that it can be challenging to find financing, as lenders typically do not want to make a mortgage...

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FHA Loans in Benbush, MO

FHA Loans in Benbush, MO

The FHA loan program is one of the most popular mortgage programs in the United States. The Federal Housing Administration (FHA) does not lend money, but insures...

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FHA Streamline Refinance in Benbush, MO

FHA Streamline Refinance in Benbush, MO

If you have an FHA mortgage, the FHA Streamline Refinance program is the fastest and easiest way to refinance your loan. Unlike most refinance loans...

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First Time Buyer Programs in Benbush, MO

First-time Buyer Programs in Benbush, MO

First-time homebuyers, in particular, find it challenging to come up with their down payment and closing costs. This does not mean homeownership is unattainable...

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Fixed Rate Mortgages in Benbush, MO

Fixed-rate Mortgages in Benbush, MO

There are many types of home loans, although fixed-rate loans remain the most popular option for homebuyers in Benbush, MO. Most fixed loans have a 15-year or 30-year term...

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Home Affordable Refinance Program in Benbush, MO

Home Affordable Refinance Program in Benbush, MO

The FHA loan program is one of the most popular mortgage programs in the United States. The Federal Housing Administration (FHA) does not lend money, but insures...

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Jumbo up to 3 million in Benbush, MO

Jumbo up to 3 million in Benbush, MO

While interest rates are usually a bit higher for jumbo loans, they have actually been very competitive over the last two years...

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FHA Jumbo Loans in Benbush, MO

FHA Jumbo Loans in Benbush, MO

FHA loans are popular among low- and middle-income borrowers in Benbush, MO, but many are surprised to learn the FHA also insures large loans...

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One Loan With No Monthly PMI in Benbush, MO

One Loan With No Monthly PMI in Benbush, MO

Now, instead of having two loan payments, you can avoid costs of private mortgage insurance (PMI) with a single, affordable mortgage loan...

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Refinancing in Benbush, MO

Refinancing in Benbush, MO

When you refinance a loan, you pay off your existing home loan and replace it with a new one, or combine a first and second mortgage into a single new loan...

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Reverse Mortgages in Benbush, MO

Reverse Mortgages in Benbush, MO

A reverse mortgage is a unique type of loan that is available to homeowners who are at least 62 years old. A reverse mortgage allows homeowners to access their equity and turn it into cash...

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Reverse Purchase Mortgages in Benbush, MO

Reverse Purchase Mortgages in Benbush, MO

Many seniors use reverse mortgages to access the equity in their home, but recent legislation by the FHA now allows seniors to use this loan option for a home they do not yet own...

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THDA Loan in Benbush, MO

THDA Loan in Benbush, MO

The Tennessee Housing Development Agency (THDA) was created in 1973 to help low-income individuals and families obtain affordable home loans...

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USDA Home Loans in Benbush, MO

USDA Home Loans in Benbush, MO

You may be eligible for a no down payment loan through the USDA home loan program if you meet income guidelines and buy in a designated rural area.

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VA Loan in Benbush, MO

VA Loan in Benbush, MO

VA loans through the U.S. Department of Veterans Affairs are available to qualified veterans and military members. The VA does not make loans, but insures loans made by lenders to veterans...

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Conventional Financing up to 97% LTV in Benbush, MO

Conventional Financing up to 97% LTV in Benbush, MO

This program offers both the HomeReady and Home Possible options at 97%...

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