Loan Programs
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
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 down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
A Home Equity Conversion Mortgage (HECM) Reverse Mortgage is a unique type of loan that allows older homeowners to borrow against their home equity without having to make monthly mortgage payments. Borrowers remain on title, retain ownership, and can live in the home so long as they adhere to the loan requirements*
Loan proceeds can be taken in a lump sum, line of credit, monthly payments, or a combination of these choices.
*Borrowers must maintain the property and remain current on property taxes, homeowner’s insurance, and applicable HOA dues.