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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Elliston, MT

Adjustable Rate Mortgage in Elliston, MT

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 Elliston, MT

Conventional Loans in Elliston, MT

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 Elliston, MT

Down Payment Assistance Loans in Elliston, MT

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

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FHA 203k Home Loans in Elliston, MT

FHA 203(k) Streamline in Elliston, MT

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 Elliston, MT

FHA Loans in Elliston, MT

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 Elliston, MT

FHA Streamline Refinance in Elliston, MT

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 Elliston, MT

First-time Buyer Programs in Elliston, MT

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 Elliston, MT

Fixed-rate Mortgages in Elliston, MT

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

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Home Affordable Refinance Program in Elliston, MT

Home Affordable Refinance Program in Elliston, MT

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 Elliston, MT

Jumbo up to 3 million in Elliston, MT

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 Elliston, MT

FHA Jumbo Loans in Elliston, MT

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

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One Loan With No Monthly PMI in Elliston, MT

One Loan With No Monthly PMI in Elliston, MT

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 Elliston, MT

Refinancing in Elliston, MT

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 Elliston, MT

Reverse Mortgages in Elliston, MT

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 Elliston, MT

Reverse Purchase Mortgages in Elliston, MT

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 Elliston, MT

THDA Loan in Elliston, MT

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 Elliston, MT

USDA Home Loans in Elliston, MT

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 Elliston, MT

VA Loan in Elliston, MT

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 Elliston, MT

Conventional Financing up to 97% LTV in Elliston, MT

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

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