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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Hicks, AR

Adjustable Rate Mortgage in Hicks, AR

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 Hicks, AR

Conventional Loans in Hicks, AR

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 Hicks, AR

Down Payment Assistance Loans in Hicks, AR

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

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FHA 203k Home Loans in Hicks, AR

FHA 203(k) Streamline in Hicks, AR

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 Hicks, AR

FHA Loans in Hicks, AR

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 Hicks, AR

FHA Streamline Refinance in Hicks, AR

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 Hicks, AR

First-time Buyer Programs in Hicks, AR

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 Hicks, AR

Fixed-rate Mortgages in Hicks, AR

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

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Home Affordable Refinance Program in Hicks, AR

Home Affordable Refinance Program in Hicks, AR

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 Hicks, AR

Jumbo up to 3 million in Hicks, AR

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 Hicks, AR

FHA Jumbo Loans in Hicks, AR

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

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One Loan With No Monthly PMI in Hicks, AR

One Loan With No Monthly PMI in Hicks, AR

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 Hicks, AR

Refinancing in Hicks, AR

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 Hicks, AR

Reverse Mortgages in Hicks, AR

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 Hicks, AR

Reverse Purchase Mortgages in Hicks, AR

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 Hicks, AR

THDA Loan in Hicks, AR

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 Hicks, AR

USDA Home Loans in Hicks, AR

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 Hicks, AR

VA Loan in Hicks, AR

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 Hicks, AR

Conventional Financing up to 97% LTV in Hicks, AR

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

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