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Get the best loan for your money.

In just a few minutes, you can understand today's most common mortgage loan programs and feel prepared when we discuss which one may be right for you. We're here to help. That's why we've listed the home loan basics below, in plain language, so you know what to expect.

If you haven't done so already, download our special information sheet "Understand the basics behind today's home loans." The sheet includes these details and more in a handy, printable PDF document.

 
Conventional Purchase or Refinance Loans
USDA Rural Development (RD) Loans
FHA Purchase or Refinance Loans
VA Purchase or Refinance Loans
Jumbo Mortgage

Conventional Purchase or Refinance Loans
We offer conforming loans, including conforming long-term, low fixed-rate loans that meet Fannie Mae loan limits, property and borrower guidelines.
 
Conventional loans are also an option to consider for low fixed rates on refinances or purchases with 95% financing (5% down payment). Top reasons to consider a conventional loan: • Purchase and Refinance Options • Cash out refinance available • Investment property & second homes eligible • Seller can pay 3% closing cost

USDA Rural Development (RD) Loans

We also offer no down-payment or 100% financing with the U.S. Department of Agriculture rural development (RD) program.  While there are income and geographic limits, this another opportunity for homebuyers to obtain a mortgage with little or no out-of-pocket expense.

 
Rural development loans are insured by the U.S. Department of Agriculture. This is the only 100% home loan available in today’s market for non-veterans. RD typically allows for less out-of-pocket at closing than FHA and Conventional loan. Top reasons to consider a Rural Development Loan: • Purchase & Refinance Options • 100% financing (No down payment) • Seller can pay 6% closing costs • Closing costs may be financed in loan • Income & Geographic limits apply

FHA Purchase or Refinance Loans

Federal Housing Administration (FHA) loans offer the benefit of less money out-of-pocket and easy credit qualifying. Your down payment can be as low as 3.5% of the purchase price, and much of your closing costs and fees can be included in the loan or paid by the seller.

 
FHA loans are insured by the Federal Housing Administration. FHA is the perfect loan for those who won’t qualify for the larger down payment and higher credit score requirements of conventional home loans. Top reasons to consider FHA: • Purchase & Refinance Options • 96.5% Financing (3.5% down payment) • Seller can pay 6% of closing costs • Cash-out/refinance up to 85% of home value

VA Purchase or Refinance Loans

There are both purchase and refinance mortgage options currently available to qualified Veterans and service members.  The no down-payment or 100% purchase loan option is ideal for first-time home buyers.  Unlike other low or no down-payment mortgage programs, the VA 100% home loan does not require monthly mortgage insurance, making for possible lower monthly payments. Allowed seller contributions also provides the potential for minimal out-of-pocket expense to the Veteran. 

 
VA loans are insured by the U.S. Department of Veterans Affairs. VA home loans are for veterans who meet the general rules for eligibility. Top reasons to consider a VA loan: • Purchase & Refinance Options • 100% financing (No down payment) • No monthly mortgage insurance • Seller can pay 4% closing costs • Cash out refinance at 100% • VA Guarantee Fee waived for disabled vets

Jumbo Mortgage
Jumbo loans exceed the conforming loan limits ($424,100) set by Fannie Mae and Freddie Mac. It is considered a higher risk loan because of the size. Generally, borrowers will need excellent credit and larger down payments than conforming loans. Interest rates are typically higher on jumbo loans
Maximum Amount: $424,100


When you're ready to start your mortgage loan application, call us (337-289-0550), click Apply or use our Secure Contact Form to reach us right away.