Interest Rate and Payment do not change for the life of the loan.

Interest Rate changes after set period, and changes at predefined time frames after initial rate change.

A conventional loan is a mortgage that is not guaranteeed or insured by any government agency. It is typically fixed in its Terms and Rates.

For loan amounts that exceed programs available through FNMA/FHLMC.

Designed for a borrower with minimal down payment and allows lower credit scores than that required for Conforming loans; also offers a ‘streamline refinance’ of an existing FHA loan with minimal documentation requirements.

Specifically reserved for our citizens who served in the military, offers a purchase transaction without a down payment; also offers an Interest Rate Reduction Refinance of an existing VA loan with minimal documentation requirements.

For borrowers at 62+ years old, pays off any loan on the property and may allow cash back. There are no payments on the loan; rather the interest owed is added to the loan balance. The loan is paid off when the home is no longer occupied by the borrower.

Interest rate is fixed for a set length of time, then adjusts every year thereafter. The initial fixed rate period is generally at a lower rate than a fixed rate 30 year loan.