30-Year Fixed Rate Home Loan
A home loan that gives you 30 years to pay back the money you borrowed at an interest rate that won’t change.
15-Year Fixed Home Loan
A 15-year mortgage versus the more conventional 30-year mortgage can save you a significant amount of money in the long term.
5/1 Year ARM Conforming
An adjustable-rate mortgage (ARM) with an interest rate that is initially fixed for five years then adjusts each year.
Balloon Mortgage
A balloon mortgage is a loan that has an initial period of low or no monthly payments, at the end of which the borrower is required to pay off the full balance in a lump sum.
FHA Mortgage
A Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration (FHA) and issued by an FHA-approved lender.
VA Mortgage
The VA loan is a $0 down mortgage option available to Veterans, Service Members, and select military spouses. VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA).