There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.
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The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
A USDA loan, also known as a USDA Rural Development Guaranteed Housing Loan, is a type of mortgage loan program offered by the United States Department of Agriculture (USDA).
When you’re looking to live the rural lifestyle on a property with a pre-existing home, we have the resources and expertise to get you there.
We offer a One-Time-Construction loan that turns into a permanent mortgage. There are many benefits to One-Time Close Construction-to Permanent loans; for example, an interest rate and payment can be locked in prior to the start of construction. Plus, with only one closing, it saves time and money.
There are several down payment assistance programs available throughout the state of Texas.
Working for yourself has advantages, but getting a mortgage with a nontraditional income can be challenging.
A Debt Service Coverage Ratio (DSCR) loan looks at the cash flow generated from an investment property to qualify for a mortgage instead of personal income.
As home prices continue to rise, we know that affordable home ownership is critical to helping the communities we serve. That’s why we are committed to offering competitive loans that help families move into quality, energy-efficient, and beautiful manufactured homes.
