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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Stony Landing, SC

Adjustable Rate Mortgage in Stony Landing, SC

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 Stony Landing, SC

Conventional Loans in Stony Landing, SC

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 Stony Landing, SC

Down Payment Assistance Loans in Stony Landing, SC

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

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FHA 203k Home Loans in Stony Landing, SC

FHA 203(k) Streamline in Stony Landing, SC

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 Stony Landing, SC

FHA Loans in Stony Landing, SC

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 Stony Landing, SC

FHA Streamline Refinance in Stony Landing, SC

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 Stony Landing, SC

First-time Buyer Programs in Stony Landing, SC

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 Stony Landing, SC

Fixed-rate Mortgages in Stony Landing, SC

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

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Home Affordable Refinance Program in Stony Landing, SC

Home Affordable Refinance Program in Stony Landing, SC

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 Stony Landing, SC

Jumbo up to 3 million in Stony Landing, SC

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 Stony Landing, SC

FHA Jumbo Loans in Stony Landing, SC

FHA loans are popular among low- and middle-income borrowers in Stony Landing, SC, but many are surprised to learn the FHA also insures large loans...

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One Loan With No Monthly PMI in Stony Landing, SC

One Loan With No Monthly PMI in Stony Landing, SC

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 Stony Landing, SC

Refinancing in Stony Landing, SC

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 Stony Landing, SC

Reverse Mortgages in Stony Landing, SC

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 Stony Landing, SC

Reverse Purchase Mortgages in Stony Landing, SC

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 Stony Landing, SC

THDA Loan in Stony Landing, SC

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 Stony Landing, SC

USDA Home Loans in Stony Landing, SC

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 Stony Landing, SC

VA Loan in Stony Landing, SC

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 Stony Landing, SC

Conventional Financing up to 97% LTV in Stony Landing, SC

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

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