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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Parkwood Manufactured Home Community, FL

Adjustable Rate Mortgage in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Conventional Loans in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Down Payment Assistance Loans in Parkwood Manufactured Home Community, FL

For many borrowers, particularly first-time buyers, the down payment and cash for closing costs is the greatest obstacle to buying a home in Parkwood Manufactured Home Community, FL...

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FHA 203k Home Loans in Parkwood Manufactured Home Community, FL

FHA 203(k) Streamline in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

FHA Loans in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

FHA Streamline Refinance in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

First-time Buyer Programs in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Fixed-rate Mortgages in Parkwood Manufactured Home Community, FL

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

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Home Affordable Refinance Program in Parkwood Manufactured Home Community, FL

Home Affordable Refinance Program in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Jumbo up to 3 million in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

FHA Jumbo Loans in Parkwood Manufactured Home Community, FL

FHA loans are popular among low- and middle-income borrowers in Parkwood Manufactured Home Community, FL, but many are surprised to learn the FHA also insures large loans...

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One Loan With No Monthly PMI in Parkwood Manufactured Home Community, FL

One Loan With No Monthly PMI in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Refinancing in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Reverse Mortgages in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Reverse Purchase Mortgages in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

THDA Loan in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

USDA Home Loans in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

VA Loan in Parkwood Manufactured Home Community, FL

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 Parkwood Manufactured Home Community, FL

Conventional Financing up to 97% LTV in Parkwood Manufactured Home Community, FL

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

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