A fixed rate loan is when an interest rate is the same for the life of the loan. Adjustable rates can change periodically.
A loan that exceeds county loan limits. Used to buy high-priced or luxury homes.
A government-backed loan that is more lenient with FICO scores and down payments. Mortgage insurance is required.
A mortgage loan guaranteed by the U.S. Department of Veteran Affairs designed to offer financing to eligible U.S. veterans and their surviving spouses.
Replacement of an existing loan with a lower rate or the ability to pull cash out of your home using it's equity.
A short-term loan to pay for building a new home. Money is given in stages as the home construction progresses.
A junior loan to be used for down payment and/or closing costs of a new home for eligible borrowers.
A line of credit where the homeowner can use the equity in their home as collateral.