There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.
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The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
In the world of mortgages, one size does not fit all. A Non-QM (Non-Qualified Mortgage) is a flexible lending solution designed for creditworthy borrowers who don’t fit into the "standard" box of traditional government-backed loans (like Fannie Mae or Freddie Mac).
While traditional loans require specific documentation like W-2s and tax returns, Non-QM loans allow us to look at your total financial picture using alternative methods to verify your ability to repay..
A Bridge Loan is a short-term financing solution designed to provide immediate cash flow when timing is everything. Most commonly, it allows homeowners to use the equity in their current home to fund the down payment on a new one—before their existing home has even sold.
Think of it as the ultimate "buy before you sell" tool that eliminates the stress of perfectly timing two real estate closings.
Commercial financing is built for business owners and investors who are looking to purchase, refinance, or develop properties that generate income. Unlike residential loans, which focus on personal income, commercial loans are primarily evaluated based on the property’s profitability and business potential.
With a standard "forward" mortgage, you make monthly payments to decrease your debt and increase your equity. In a reverse mortgage, the process is flipped: you receive payments (or a lump sum), and the interest is added to the loan balance. The loan is typically repaid only when the last surviving borrower moves out, sells the home, or passes away.