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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Sunlake Park, FL

Adjustable Rate Mortgage in Sunlake Park, 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 Sunlake Park, FL

Conventional Loans in Sunlake Park, 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 Sunlake Park, FL

Down Payment Assistance Loans in Sunlake Park, 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 Sunlake Park, FL...

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FHA 203k Home Loans in Sunlake Park, FL

FHA 203(k) Streamline in Sunlake Park, 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 Sunlake Park, FL

FHA Loans in Sunlake Park, 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 Sunlake Park, FL

FHA Streamline Refinance in Sunlake Park, 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 Sunlake Park, FL

First-time Buyer Programs in Sunlake Park, 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 Sunlake Park, FL

Fixed-rate Mortgages in Sunlake Park, FL

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

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Home Affordable Refinance Program in Sunlake Park, FL

Home Affordable Refinance Program in Sunlake Park, 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 Sunlake Park, FL

Jumbo up to 3 million in Sunlake Park, 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 Sunlake Park, FL

FHA Jumbo Loans in Sunlake Park, FL

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

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One Loan With No Monthly PMI in Sunlake Park, FL

One Loan With No Monthly PMI in Sunlake Park, 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 Sunlake Park, FL

Refinancing in Sunlake Park, 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 Sunlake Park, FL

Reverse Mortgages in Sunlake Park, 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 Sunlake Park, FL

Reverse Purchase Mortgages in Sunlake Park, 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 Sunlake Park, FL

THDA Loan in Sunlake Park, 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 Sunlake Park, FL

USDA Home Loans in Sunlake Park, 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 Sunlake Park, FL

VA Loan in Sunlake Park, 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 Sunlake Park, FL

Conventional Financing up to 97% LTV in Sunlake Park, FL

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

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