Loan Programs
Which Mortgage is Right for You?
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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Mortgage Rate Options
Fixed Rate
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 ARM
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
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...
Graduated Payments
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
Loan Program Options
FHA Home Loan
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
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
USDA Loans
If you're looking to buy a home in a rural or suburban area with no down payment and minimal investment, you might consider the USDA Rural Development Loan.
Jumbo Loans
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...
Fix & Flip/ Bridge
Fix and flip loans are short-term loans designed for real estate investors who buy properties, renovate them, and resell for a profit. Bridge loans are short-term loans that “bridge the gap” between two financial events—often used to buy a new property before selling the current one, or to provide temporary funding until permanent financing is secured.
Infill/ New Construction
Infill/new construction loans are specialized types of real estate financing used for building homes or properties—either on vacant urban lots (infill) or on undeveloped land (new construction).
DSCR
A Debt Service Coverage Ratio (DSCR) loan is a type of non-qualified mortgage (non-QM) primarily used by real estate investors to finance investment properties, such as rental properties.
Alt Doc
The Alt-Doc (Alternative documents) mortgage program qualifies homeowners by determining qualifying income through non-traditional documents and/or non-traditional procedures.
Rental Portfolio
Rental portfolio loans are a type of real estate investment loan used to finance multiple rental properties under one loan, rather than having separate mortgages for each property.
HELOC
A HELOC (Home Equity Line of Credit) is a type of loan that lets you borrow against the equity in your home—similar to using a credit card but secured by your property.
HELoan
A HELoan is short for Home Equity Loan—it's a type of loan that allows you to borrow a lump sum of money using the equity in your home as collateral.
Commercial Loans
A commercial loan is a loan made to a business (not an individual) to finance business-related expenses. Purchasing or refinancing commercial real estate, buying equipment, and/or funding working capital or expansion.