Loan Programs

Conventional Mortgage Loan

Is a mortgage that is not insured or guaranteed by the federal government. Conventional loans offer both fixed and adjustable rates.

Construction Loan

Is a short-term, interim loan for financing the cost of construction. The lender makes payments to the builder at periodic intervals as the work progresses.

FHA Loan

The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders throughout the U.S. FHA mortgage insurance provides lenders with protection against loss as the result of homeowners defaulting on their mortgage loans. FHA offers both fixed- and adjustable-rate mortgages that accommodate a low down payment from the borrower.

VA Loan

The Veterans Administration loan program enables veterans and active duty personnel to purchase or refinance a home with favorable loan terms. VA offers fixed- and adjustable-rate mortgages that can accommodate no down payment on many purchase transactions.

Guaranteed Rural Housing

The Guaranteed Rural Housing mortgage loan program offers 30-year fixed-rate mortgage financing guaranteed by the U.S. government through USDA Rural Development.

Jumbo Loan

Is a loan that exceeds Fannie Mae and Freddie Mac mortgage limits. Also, called a nonconforming loan.