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FHA LOAN – Federal Housing Administration

Federal Housing Administration Loans (FHA Loans) are usually suited for people with a poor credit history who may not qualify for a conventional 30 year mortgage. FHA loans make it possible to purchase a home with flexible and low down payment options.

ARMS LOAN – Adjustable Rate Mortgage

Adjustable rate mortgages generally offer a very low interest rate for the short-term. This mortgage is generally more suitable if you are not planning to be in the same home for a long period of time or if you need lower monthly mortgage payments in the short-term. One example of an adjustable rate mortgage is a 5/1 ARM with a 30 year term which would give you a low fixed rate and set low monthly payment for the first five years of the loan. After the five years, the rate and payment may adjust once per year for the remainder of the 30 year term.

VA LOANS: Veterans Affairs mortgages are for active member of the military, National Guard, veteran and reservists. Our veterans deserve the best for their dedicated service to our country and VA loans are one of the greatest financial benefits offered to our veterans. Through a VA loan, one may refinance up to 100% of the properly value without having to pay for mortgage insurance. Current VA home owners may refinance with the Interest Rate Reduction Refinancing Loan (IRRRL) program at a reduced interest rates thereby reducing the monthly mortgage payment. The IRRRL program also allows for shorter terms upon VA Refinance with minimum documentation required. In addition to this, the IRRRL program does not require a credit check or home appraisal; however, some lenders may require this due to internal

corporate rules. A VA Refinance can also allow for the VA to cash-out and use the money for whatever purpose they wish.


Home Equity Loans or Term Loans are a when you are paid the entire loan up front in one lump sum. Payments are then made each month over a set period of time with a fixed interest rate.

A Home Equity Line Of Credit (HELOC) allows you to borrow a certain amount within the timeframe of the loan. During the timeframe, you are able to take cash out from the loan as you wish. All HELOC’s have a credit limit almost like a credit card. This type of loan offers a lot of flexibility. Credit lines have a variable interest rate that fluctuates over the timeframe of the loan. Payments vary depending on the amount of credit you have used and the interest rate. All borrowed money must be paid off once the loan timeframe has expired.

HARP LOANS: Home Affordable Refinance Program (HARP) was a program setup in March 2009 by the Federal Housing Finance Agency to help homeowners who are underwater refinance their mortgages and prevent foreclosure. This program was created to help homeowners refinance at lower rates to help lower their monthly payments thereby helping prevent foreclosure.

FIXED RATE LOANS – Conventional Mortgages

A Fixed-Rate offers a set monthly payment that never changes and we can offer terms for as long as 30 years. This is the most popular loan offered and for a good reason. A 30-year low fixed rate can help you beat inflation. If you are planning to live in your home for many years, this it usually the ideal mortgage option for you.

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