Mortgage Loan Types

Fixed-Rate Mortgage

A fixed-rate mortgage offers a stable interest rate and consistent monthly payments for the life of the loan, typically 15 or 30 years.

Adjustable-Rate Mortgage (ARM)

An ARM has an interest rate that changes periodically based on the performance of a specific benchmark or index, which may result in varying monthly payments.

VA Loan

Available to veterans and service members, VA loans are government-backed and often feature favorable terms including no down payment and lower interest rates.

Jumbo Loan

Designed for purchasing high-value properties, jumbo loans exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA).

USDA Loan

USDA loans are designed to help low-to-moderate income families purchase homes in eligible rural areas, with benefits such as no down payment and lower interest rates.

FHA Loan

Federally-backed loans for low-to-moderate income borrowers, requiring lower minimum down payments and credit scores than many conventional loans.