Don't Let High Rates Dictate Your Financial Future.

First-Time Buyer Programs

• FHA Loans: Federal Housing Administration (FHA) loans are popular among first-time buyers because they require lower down payments - often as little as 3.5% - and have more flexible credit requirements. These loans are insured by the government, making them a great option for those with limited savings or less-than-perfect credit.
• VA Loans: Available exclusively to eligible veterans, active-duty service members, and certain military spouses, VA loans are backed by the Department of Veterans Affairs. They offer outstanding benefits such as no down payment, no private mortgage insurance (PMI), and competitive interest rates.
• USDA Loans: The U.S. Department of Agriculture offers loans for buyers in eligible rural and suburban areas. USDA loans typically have zero down payment requirements and low fixed interest rates, making homeownership more accessible in qualifying regions.
• First-Time Homebuyer (FTHB) Programs: Many local and national programs assist first-time buyers with down payment grants, lower interest rates, or reduced closing costs. These initiatives are designed to make the first step into homeownership more affordable.

Popular Loan Choices

• 30-Year Fixed Mortgage: The 30-year fixed mortgage is one of the most common options available. It provides a stable monthly payment throughout the life of the loan, making budgeting predictable and straightforward.
• 15-Year Fixed Mortgage: With a shorter payoff term, 15-year fixed mortgages offer faster equity growth and lower overall interest costs. Although monthly payments are higher, homeowners save significantly over time.
• Conventional Loans: Conventional loans aren’t backed by the government and often require higher credit scores and down payments than FHA loans. However, they offer flexibility in loan terms and may have lower overall borrowing costs for qualified buyers.
• Adjustable-Rate Mortgages (ARMs): ARMs start with lower initial interest rates that adjust periodically based on market conditions. This option may be suitable for buyers who plan to sell or refinance before the rate adjusts.

Specialty Loan Programs

• Jumbo Loans: Jumbo loans are designed for properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans typically require larger down payments and higher credit scores but help finance luxury or high-value homes.
• 203(k) Loans: FHA 203(k) loans allow homeowners to purchase or refinance a home and include the costs of renovations in a single loan. This is an excellent option for those buying a fixer-upper or seeking to improve their current home.

Refinance and Home Equity Options

• Refinancing Options: Refinancing can help reduce your interest rate, shorten your loan term, or change the loan type altogether. Homeowners often refinance to lower payments or access cash for other financial goals.
• High LTV Refinance: High loan-to-value (LTV) refinance programs are designed for homeowners with limited equity. They make it possible to refinance even if your home value has dropped since purchase.
• Reverse Mortgages: Reverse mortgages allow homeowners aged 62 and older to convert a portion of their home equity into cash without selling their property. Repayment typically occurs when the homeowner sells or moves out of the home.
• Home Equity Loans and HELOCs: Home equity loans and home equity lines of credit (HELOCs) let you borrow against the equity in your home. A home equity loan provides a lump sum at a fixed rate, while a HELOC offers flexible, revolving access to funds as needed.