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Types of Loans

Types of Loans

Adjustable Rate Mortgage in Sunny Pines, FL

Adjustable Rate Mortgage in Sunny Pines, 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 Sunny Pines, FL

Conventional Loans in Sunny Pines, 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 Sunny Pines, FL

Down Payment Assistance Loans in Sunny Pines, 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 Sunny Pines, FL...

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FHA 203k Home Loans in Sunny Pines, FL

FHA 203(k) Streamline in Sunny Pines, 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 Sunny Pines, FL

FHA Loans in Sunny Pines, 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 Sunny Pines, FL

FHA Streamline Refinance in Sunny Pines, 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 Sunny Pines, FL

First-time Buyer Programs in Sunny Pines, 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 Sunny Pines, FL

Fixed-rate Mortgages in Sunny Pines, FL

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

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Home Affordable Refinance Program in Sunny Pines, FL

Home Affordable Refinance Program in Sunny Pines, 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 Sunny Pines, FL

Jumbo up to 3 million in Sunny Pines, 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 Sunny Pines, FL

FHA Jumbo Loans in Sunny Pines, FL

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

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One Loan With No Monthly PMI in Sunny Pines, FL

One Loan With No Monthly PMI in Sunny Pines, 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 Sunny Pines, FL

Refinancing in Sunny Pines, 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 Sunny Pines, FL

Reverse Mortgages in Sunny Pines, 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 Sunny Pines, FL

Reverse Purchase Mortgages in Sunny Pines, 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 Sunny Pines, FL

THDA Loan in Sunny Pines, 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 Sunny Pines, FL

USDA Home Loans in Sunny Pines, 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 Sunny Pines, FL

VA Loan in Sunny Pines, 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 Sunny Pines, FL

Conventional Financing up to 97% LTV in Sunny Pines, FL

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

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