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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Kemper County, MS

Adjustable Rate Mortgage in Kemper County, MS

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 Kemper County, MS

Conventional Loans in Kemper County, MS

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 Kemper County, MS

Down Payment Assistance Loans in Kemper County, MS

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

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FHA 203k Home Loans in Kemper County, MS

FHA 203(k) Streamline in Kemper County, MS

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 Kemper County, MS

FHA Loans in Kemper County, MS

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 Kemper County, MS

FHA Streamline Refinance in Kemper County, MS

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 Kemper County, MS

First-time Buyer Programs in Kemper County, MS

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 Kemper County, MS

Fixed-rate Mortgages in Kemper County, MS

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

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Home Affordable Refinance Program in Kemper County, MS

Home Affordable Refinance Program in Kemper County, MS

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 Kemper County, MS

Jumbo up to 3 million in Kemper County, MS

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 Kemper County, MS

FHA Jumbo Loans in Kemper County, MS

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

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One Loan With No Monthly PMI in Kemper County, MS

One Loan With No Monthly PMI in Kemper County, MS

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 Kemper County, MS

Refinancing in Kemper County, MS

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 Kemper County, MS

Reverse Mortgages in Kemper County, MS

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 Kemper County, MS

Reverse Purchase Mortgages in Kemper County, MS

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 Kemper County, MS

THDA Loan in Kemper County, MS

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 Kemper County, MS

USDA Home Loans in Kemper County, MS

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 Kemper County, MS

VA Loan in Kemper County, MS

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 Kemper County, MS

Conventional Financing up to 97% LTV in Kemper County, MS

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

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