Types of Home Loans in Galena, VA | Mortgage Investors Group

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Types of Loans

Adjustable Rate Mortgage in Galena, VA

Adjustable Rate Mortgage in Galena, VA

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 Galena, VA

Conventional Loan Mortgage in Galena, VA

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 Galena, VA

Down Payment Assistance Loans in Galena, VA

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

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FHA Loans in Galena, VA

FHA Loans in Galena, VA

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 Galena, VA

FHA Streamline Refinance in Galena, VA

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 Galena, VA

First-time Buyer Programs in Galena, VA

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 Galena, VA

Fixed-rate Mortgages in Galena, VA

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

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Home Affordable Refinance Program in Galena, VA

Georgia Dream Loan in Galena, VA

This program offers affordable financing options, down payment assistance, and homebuyer education to eligible buyers...

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Home Affordable Refinance Program in Galena, VA

Home Affordable Refinance Program in Galena, VA

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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USDA Home Loans in Galena, VA

USDA Home Loans in Galena, VA

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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Non-QM Loans in Galena, VA

Non-QM Loan in Galena, VA

Non-QM loans are mortgages that don't meet the Consumer Financial Protection Bureau's (CFPB) requirements to be considered qualified mortgages...

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Refinancing in Galena, VA

Refinance in Galena, VA

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 Galena, VA

Reverse Mortgages in Galena, VA

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 Galena, VA

Reverse Purchase Mortgages in Galena, VA

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 Galena, VA

THDA Loan in Galena, VA

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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VA Loan in Galena, VA

VA Loan in Galena, VA

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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HELOC in Galena, VA

HELOC in Galena, VA

A home equity line of credit, or HELOC, is a popular way to access equity in your home. Unlike a standard loan that would pay out everything at closing...

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