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Find the right home loan option based on downpayment, loan terms and other circumstances
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Conventional Mortgage Loans
Monthly principal and interest payments repaid over an agreed upon term with a fixed rate.
(Total monthly mortgage payment may change due to taxes and insurance).
Refinance
Lower your interest rate and payment or convert home equity into cash.
VA Loan
Offered to eligible veterans with no down payment or mortgage insurance requirements. Guaranteed by the U.S. Department of Veterans Affairs.
Federal Housing
Administration (FHA) Loan
Federal Housing Administration insured loan that offers more flexibility and less stringent qualifications.
Construction Loan
Offered to buyers with plans to build. Make interest-only payments until construction is complete.
USDA Loan
Loans for homes in rural areas as defined by the U.S. Department of Agriculture. USDA loans typically do not require a down payment and offer fixed rates.
Adjustable Rate Mortgage(ARM) Loan
Variable interest rate that may increase or decrease as market conditions fluctuate. ARM loans typically have a lower introductory rate.
Reverse Mortgage
A special type loan that helps homeowners convert the equity in their home to cash.