Types of Loans in Longleaf, SC | Mortgage Investors Group

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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Longleaf, SC

Adjustable Rate Mortgage in Longleaf, SC

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 Longleaf, SC

Conventional Loans in Longleaf, SC

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 Longleaf, SC

Down Payment Assistance Loans in Longleaf, SC

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

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FHA 203k Home Loans in Longleaf, SC

FHA 203(k) Streamline in Longleaf, SC

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 Longleaf, SC

FHA Loans in Longleaf, SC

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 Longleaf, SC

FHA Streamline Refinance in Longleaf, SC

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 Longleaf, SC

First-time Buyer Programs in Longleaf, SC

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 Longleaf, SC

Fixed-rate Mortgages in Longleaf, SC

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

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Home Affordable Refinance Program in Longleaf, SC

Home Affordable Refinance Program in Longleaf, SC

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 Longleaf, SC

Jumbo up to 3 million in Longleaf, SC

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 Longleaf, SC

FHA Jumbo Loans in Longleaf, SC

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

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One Loan With No Monthly PMI in Longleaf, SC

One Loan With No Monthly PMI in Longleaf, SC

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 Longleaf, SC

Refinancing in Longleaf, SC

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 Longleaf, SC

Reverse Mortgages in Longleaf, SC

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 Longleaf, SC

Reverse Purchase Mortgages in Longleaf, SC

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 Longleaf, SC

THDA Loan in Longleaf, SC

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 Longleaf, SC

USDA Home Loans in Longleaf, SC

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 Longleaf, SC

VA Loan in Longleaf, SC

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 Longleaf, SC

Conventional Financing up to 97% LTV in Longleaf, SC

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

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