Loan Options
Select your loan, Which is Right For You. According to your Mortgage Rate and duration of repayment.
Do You Qualify?
Long Term Fixed Rate Loans
When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
FHA Loans
A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender that is approved by the agency. For FHA loans one should have lower credit scores If you require the lower minimum down payment then other conventional loans can go for FHA Loans.
Adjustable-Rate Mortgage (ARM)
An adjustable-rate mortgage (ARM) means home loan with a variable interest rate. With an ARM, you get a fixed rate of Interest for a particular period of time. After that, the interest rate applied on the outstanding balance and changes periodically, at yearly or even monthly intervals.
VA Loans
A VA loan is a mortgage loan available through a program established by the U.S. Department of Veterans Affairs. With VA loans, veterans, service members, and their surviving spouses can purchase homes with little to no down payment and no private mortgage insurance. With VA Loans you can get a competitive interest rate on your loan.
Jumbo Loans
When your Loan limits exceeds the limits set by the Federal Housing Finance Agency (FHFA) you can go for Jumbo loan. Unlike conventional mortgages, a jumbo loan is not eligible to be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac.
USDA Loans
If you are having Low Income and you are living in unhealthy or unsafe rural conditions, can get USDA Loan. USDA home loans program offers you 0% down payment loans. Here you can get federal guarantee of your mortgage through a commercial bank, or a direct loan from the government, under U.S. Department of Agriculture. “Single Family Home Loan Guarantees.”
Reverse Loans
If you are in seniors age of 62 or older and has considerable home equity can borrow against the value of their home and receive funds as a lump sum, fixed monthly payment, or line of credit.
