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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Patrick Afb, FL

Adjustable Rate Mortgage in Patrick Afb, 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 Patrick Afb, FL

Conventional Loans in Patrick Afb, 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 Patrick Afb, FL

Down Payment Assistance Loans in Patrick Afb, 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 Patrick Afb, FL...

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FHA 203k Home Loans in Patrick Afb, FL

FHA 203(k) Streamline in Patrick Afb, 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 Patrick Afb, FL

FHA Loans in Patrick Afb, 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 Patrick Afb, FL

FHA Streamline Refinance in Patrick Afb, 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 Patrick Afb, FL

First-time Buyer Programs in Patrick Afb, 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 Patrick Afb, FL

Fixed-rate Mortgages in Patrick Afb, FL

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

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Home Affordable Refinance Program in Patrick Afb, FL

Home Affordable Refinance Program in Patrick Afb, 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 Patrick Afb, FL

Jumbo up to 3 million in Patrick Afb, 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 Patrick Afb, FL

FHA Jumbo Loans in Patrick Afb, FL

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

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One Loan With No Monthly PMI in Patrick Afb, FL

One Loan With No Monthly PMI in Patrick Afb, 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 Patrick Afb, FL

Refinancing in Patrick Afb, 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 Patrick Afb, FL

Reverse Mortgages in Patrick Afb, 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 Patrick Afb, FL

Reverse Purchase Mortgages in Patrick Afb, 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 Patrick Afb, FL

THDA Loan in Patrick Afb, 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 Patrick Afb, FL

USDA Home Loans in Patrick Afb, 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 Patrick Afb, FL

VA Loan in Patrick Afb, 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 Patrick Afb, FL

Conventional Financing up to 97% LTV in Patrick Afb, FL

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

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