Conventional Mortgages Options
- Fixed Rate Mortgage - Enjoy the security of a fixed interest rate on a fully amortized loan where the monthly payment remains the same for the life of the loan. This type of loan is ideal for borrowers who do not want the risks associated with changing or adjustable rate mortgage payments.
- Adjustable Rate Mortgage - An Adjustable Rate Mortgage (ARM) allows borrowers to buy more home for their money, which can help reduce monthly housing expenses. With this type of loan, your interest rate and payment can change. A benefit of having an ARM is that they typically have lower interest rates for the fixed term of the loan. Interest-rate caps are provided on all ARM products for your protection. For more information, view the Consumer Handbook on Adjustable-Rate Mortgages.
Take advantage of a Federal Housing Administration (FHA) mortgage. Qualified individuals can benefit from a FHA mortgage with low down payment requirements, competitive low rates, and lower credit thresholds. A 30-year fixed rate FHA mortgage is a great option for purchases or refinancing. And the local team of mortgage loan officers are always just a call, email, or text away.