• 15-Year and 30-Year Fixed Rate
  Payment and rate stay the same from start to finish
• USDA Rural Housing Loan Program
  NO MONEY DOWN! designed to assist rural home buyers who have the dependable income and satisfactory credit history needed to qualify for a conventional mortgage, but not the down payment funds. Go Here for more information.
• 5 and 7 Year Balloons
  Lower start rate. Some of the balloon programs may be converted to an adjustable rate or a fixed rate after the 5 or 7 years, with very low fee and attractive rate
• Adjustable Rate Mortgage (ARM)
  Lowest start rate Adjusts either every 6 months or every 12 months depending on program and grade and is based on the economy 6% ceiling for prime and 7% ceiling for sub-prime.
• 5/1 and 7/1 Fixed Rate
  Rate is fixed for the first 5 or 7 years, then shifts to an adjustable rate mortgage (ARM).
• 2/28 and 3/27 ARM
  An ARM program that is fixed for the first 2 or 3 years, then shifts into a 6 month adjustable rate mortgage. It is a sub-prime program giving you a rate lower than the sub-prime 30-year fixed, and if you have had credit problems, it allows a window of time for credit rebuilding and seasoning. You will then want to refinance this loan.

What Should I Look For?

Do You Need the Lowest Possible Rate to Qualify?
To qualify for the house you want, a long term, adjustable rate mortgage, like a 7-year or 10-year ARM may be the answer. Do You Want a Fixed Predictable Loan?
If you want a fixed predictable loan for a long time, the 15-year or 30-year fixed is probably the best, especially when you have good credit.
Which Program Is Best For Me? Here are a few things to keep in mind when selecting a loan program.