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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Port Saint Joe, FL

Adjustable Rate Mortgage in Port Saint Joe, 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 Port Saint Joe, FL

Conventional Loans in Port Saint Joe, 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 Port Saint Joe, FL

Down Payment Assistance Loans in Port Saint Joe, 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 Port Saint Joe, FL...

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FHA 203k Home Loans in Port Saint Joe, FL

FHA 203(k) Streamline in Port Saint Joe, 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 Port Saint Joe, FL

FHA Loans in Port Saint Joe, 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 Port Saint Joe, FL

FHA Streamline Refinance in Port Saint Joe, 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 Port Saint Joe, FL

First-time Buyer Programs in Port Saint Joe, 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 Port Saint Joe, FL

Fixed-rate Mortgages in Port Saint Joe, FL

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

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Home Affordable Refinance Program in Port Saint Joe, FL

Home Affordable Refinance Program in Port Saint Joe, 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 Port Saint Joe, FL

Jumbo up to 3 million in Port Saint Joe, 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 Port Saint Joe, FL

FHA Jumbo Loans in Port Saint Joe, FL

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

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One Loan With No Monthly PMI in Port Saint Joe, FL

One Loan With No Monthly PMI in Port Saint Joe, 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 Port Saint Joe, FL

Refinancing in Port Saint Joe, 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 Port Saint Joe, FL

Reverse Mortgages in Port Saint Joe, 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 Port Saint Joe, FL

Reverse Purchase Mortgages in Port Saint Joe, 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 Port Saint Joe, FL

THDA Loan in Port Saint Joe, 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 Port Saint Joe, FL

USDA Home Loans in Port Saint Joe, 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 Port Saint Joe, FL

VA Loan in Port Saint Joe, 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 Port Saint Joe, FL

Conventional Financing up to 97% LTV in Port Saint Joe, FL

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

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