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View All Loan Types in Severn, VA

Types of Loans

Adjustable Rate Mortgage in Severn, VA

Adjustable Rate Mortgage in Severn, VA

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 Severn, VA

Conventional Loan Mortgage in Severn, VA

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 Severn, VA

Down Payment Assistance Loans in Severn, VA

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

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FHA Loans in Severn, VA

FHA Loans in Severn, VA

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 Severn, VA

FHA Streamline Refinance in Severn, VA

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 Severn, VA

First-time Buyer Programs in Severn, VA

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 Severn, VA

Fixed-rate Mortgages in Severn, VA

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

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Home Affordable Refinance Program in Severn, VA

Georgia Dream Loan in Severn, VA

This program offers affordable financing options, down payment assistance, and homebuyer education to eligible buyers...

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Home Affordable Refinance Program in Severn, VA

Home Affordable Refinance Program in Severn, VA

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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USDA Home Loans in Severn, VA

USDA Home Loans in Severn, VA

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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Non-QM Loans in Severn, VA

Non-QM Loan in Severn, VA

Non-QM loans are mortgages that don't meet the Consumer Financial Protection Bureau's (CFPB) requirements to be considered qualified mortgages...

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Refinancing in Severn, VA

Refinance in Severn, VA

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 Severn, VA

Reverse Mortgages in Severn, VA

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 Severn, VA

Reverse Purchase Mortgages in Severn, VA

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 Severn, VA

THDA Loan in Severn, VA

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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VA Loan in Severn, VA

VA Loan in Severn, VA

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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HELOC in Severn, VA

HELOC in Severn, VA

A home equity line of credit, or HELOC, is a popular way to access equity in your home. Unlike a standard loan that would pay out everything at closing...

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