Loan Options


TypeDownpaymentTerms 
Conventional Fixed Rate Loans
Fixed interest rate and payment that stays the same for the life of the loan.
Varies
5% min
10, 15, 20, 25 and 30 year options available. Purchase and refinance. 
Conventional Adjustable Rate Loans
Fixed for a period of time, typically 3,5, 7 or 10 years. Adjusts annually after that.
Varies
5% min
Primary, second homes, investments. Purchase and refinance. 
FHA Loans
Fixed rate loans for primary homes only. Backed by government.
3.5% min10, 15, 20, 25 and 30 year options available. More flexible qualifying terms, past credit issues are ok. Purchase and refinance. 
VA Loans
Fixed or adjustable rate loans for primary homes only to qualified Veterans.
None required10, 15, 20, 25 and 30 year options available. More flexible qualifying terms, past credit issues are ok. Purchase and refinance. 
USDA Loans
Fixed rate loans for primary homes in qualifying Rural Areas. Income qualifications apply.
None required10, 15, 20, 25 and 30 year options available. More flexible qualifying terms, past credit issues are ok. Purchase and refinance. 
Jumbo Loans
Fixed and adjustable rate loans for loan amounts over the conforming loan limit.
10% minFor primary, second homes and investments. Purchase and refinance. 
Reverse Mortgage
For borrower’s over 62 years of age.
None requiredFor primary home refinances. Borrowers can receive income for life. 
203k Rehab Loans
Fixed rate loans for primary home purchases where the property requires improvements.
3.5% minFor primary home purchases and refinance/remodeling of existing homes.