Unsure what loan program is right for you??
Learn about them below and then...
Call us we know them all!
Fannie Mae (FNMA) is a Govt sponsored enterprise that buys loans from Mortgage lenders, then sells them to investors on the open market.
Freddie Mac (FHLMC) is a Private Corp insured by the US Gov that buys mortgages on secondary market and sells them to investors.
A loan that has a set term length and the principle and interest rate stay the same for the life of the loan.
A loan that the interest rate periodically adjusts based on an index. Interest rates and payments change over time.
The Federal Housing Administration sets standards for construction and underwriting and insures loans made by banks and other lenders.
A loan that is insured by the US Dept. of Veterans Affairs (VA). The intention of this loan is to supply home financing to qualified veterans. Thank you for your Service!!
United States Department of Agriculture loans are made by lenders to Home Buyers/Owners in less industrial areas to boost growth in rural areas.
A Jumbo loan is any mortgage that exceeds the state specific conforming limits set by Fannie Mae and Freddie Mac.
Home Equity Loans or Lines are a loan type in which a borrower uses the equity of their home as collateral. Sometimes referred to as a "Second Mortgage".
Adjustable Rate Mortgage
Home Equity Loan or Line