PURCHASE
Purchase loans are financing options used to buy real estate, providing funds for homebuyers to acquire properties through mortgages or loans.
REFINANCE
Refinance loans are financing options that replace existing loans with new ones, often to secure lower interest rates or better terms, helping borrowers save money.
FHA loan
An FHA loan is a government-backed mortgage with lower credit requirements and down payments, making homeownership accessible for many buyers.
Adjustable Rate Mortgage
An Adjustable Rate Mortgage has an interest rate that fluctuates over time, starting with an initial fixed rate period.
Reverse mortgage
A reverse mortgage allows homeowners, typically 62 or older, to convert home equity into cash, repaid when they sell or move.
Jumbo loan
is a type of mortgage that exceeds conforming loan limits, often requiring stricter credit requirements and larger down payments.
USDA loan
A USDA loan is a government-backed mortgage for rural and suburban homebuyers, offering zero down payment and low interest rates.
Conventional loan
A conventional loan is a mortgage not insured by the government, typically requiring a higher credit score and down payment.
