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Finding The Best Mortgage For Your Needs

No matter what your situation is, there is a loan available to meet your exact needs. But with so many mortgage types, how do you choose the right one? If you're looking for a mortgage professional to help you with this decision, then we reccommend using our rate request form to request mortgage assistance. But if you are just looking for information, then this page should help you decide which type of mortgage is best for you.

Fixed rate mortgages - If you are looking for a fixed rate mortgage, please complete our Mortgage Rate Request Form to get a Free Mortgage Quote.

Loan Term	Loan Description	Loan Benefits
15, 20, 30 and 40 year fixed rate	The interest rate will remain the same during the entire term, or lenght of the loan.	Predictable monthly payments; Ability to spread payments out over a long period of time.

Jumbo Mortgage — Loans for amounts greater than conventional limits, which are currently set at $417,000 for single family homes. (in most areas) If you are looking for a jumbo mortgage, please complete our Mortgage Rate Request Form to get a Free Mortgage Quote.

Loan Term	Loan Description	Loan Benefits
10, 15, 20, 25, and 30 year fixed rate jumbo	For loans for amounts greater than conventional limits. Interest rate is slightly higer and guaranteed to remain fixed for the stated period of the loan.	Predictable monthly payments; Ability to borrow larger amounts than available conventionally

Adjustable rate mortgages - If you are looking for an adjustable rate mortgage, please complete our Mortgage Rate Request Form to get a Free Mortgage Quote.

Loan Term	Loan Description	Loan Benefits
1/1, 3/1, 5/1, 7/1 and 10/1 ARM	Interest rate is fixed for 1, 3, 5, 7 or 10 years, and becomes adjustable for the remainder of the loan. For example, a 5/1 ARM would have a fixed interest rate for the first five years and then convert to an adjustable rate for the remaining term of the loan.	Lower early payments than fixed mortgages. Ability to take advantage of better rates in the future.

Interest-only mortgages - If you are looking for a interest only mortgage, please complete our Mortgage Rate Request Form to get a Free Mortgage Quote.

Loan Term	Loan Description	Loan Benefits
Interest-only fixed (30 year)	Loan initially requires the payment of interest only for the first 10 years. The following 20 years require a fully amortizing payment (principal and interest). Interest rate remains stable for the entire 30 year loan term.	Lower initial payments. And improved borrower cash flow.
Interest-only ARM (3/1, 5/1, 7/1, 10/1)	Loan initially requires the payment of interest only for the first 10 years. The following 20 years require a fully amortizing payment (principal and interest). The initial interest rate change will occur on the 3rd, 5th, 7th, or 10th year (based on the chosen ARM product) and will then adjust every year thereafter for the remainder of the loan, based on the movement of the index.	Lower initial payments. And improved borrower cash flow.

First Time Homebuyers - If you are looking for a first time homebuyers mortgage, please complete our Mortgage Rate Request Form to get a Free Mortgage Quote.

Freddie 100%	Fixed rate loan used to purchase a primary residence up to 100%.	No borrower investment required. Predictable monthly payments.
100% Purchase	Fixed rate loan used to purchase a primary residence up to 100%.	No borrower investment required. Predictable monthly payments.
97% Purchase	Fixed rate loan used to purchase a primary residence up to 97% with 3% investment required.	Only a 3% investment required which may be gifted or granted. Predictable monthly payments.
Guaranteed Rural Housing	Fixed rate loan used to purchase / no cash out refinance of a primary residence in a rural location. Financing available up to 100%.	Product tailored to rural / designated locations.
FHA Fixed (15 & 30 Yr) & ARMs (1/1, 3/1, 5/1, & 7/1)	Loans that are insured by the government used to purchase or refinance 1-4 unit properties.	Low down payment. Flexibilities if you have "less than perfect" credit. No minimum credit score required.

VA Loans

VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guaranty allows veterans and service persons to obtain home loans with better loan terms, and usually without a down payment. It is easier to qualify for a VA loan than a conventional loan, however, the maximum amount is usually limited to about $200,000. The Veterans Affairs does not directly provide the loan, it guarantees loans made by banks or lenders. The VA determines your eligibility and will issue you a certificate of eligibility for you to present when appling for a loan.

VA guaranteed loans are obtained by making application to private lending institutions. If you would like to see of you are qualified for a VA loan, then please complete our Mortgage Rate Request Form to get a Free Mortgage Quote.

There are many more loan types available, so if you don't see exactly what you are looking for, please complete our Mortgage Rate Request Form to find the exact mortgage you are looking for and get a free rate quote with no obligation.