Loan Options
Loan Options
Finding the loan solution that’s right for you is a big decision – and we’re here to help you weigh your options with confidence.
Mortgage Type
Key Benefits
A good option if you
Conventional Mortgage
Conforming loans that follow the guidelines set by Fannie Mae and Freddie Mac.
- Fixed-rate, adjustable-rate, and temporary rate buydown options
- Primary residences, second homes, and investment properties
- Purchase & refinance
- Plan to stay in your home for the longer term
- Have an established credit history
- Low down-payment options
- Flexible qualification guidelines
- Fixed-rate, adjustable-rate, and temporary buydown options
- Purchase & refinance
- Have limited funds for a down payment
- Are still building credit or have had past credit challenges
VA
A program that helps veterans, active-duty service members, and their families buy a home.
- Low or no down payment
- No mortgage-insurance requirement
- Flexible qualification guidelines
- Purchase & refinance (Cash-Out or IRRRL)
- Are an active service member or veteran
- Are the surviving spouse of a service member
Adjustable-Rate Mortgage (ARM)
A loan with a lower initial rate that can later adjust – well suited to shorter stays.
- Lower initial monthly payments
- Initial fixed periods of 3–10 years, after which the rate may move up or down
- Expect to move within the next few years
- Plan to refinance before the rate adjusts
- Higher purchase limits
- Competitive rates
- Fixed-rate, adjustable-rate, and temporary buydown options
- Primary residences, second homes, and investment properties
- Are buying a home above current conforming limits (limits change annually)
- 0% down-payment options
- Lower mortgage insurance
- Fixed-rate and temporary buydown options
- Live in a designated rural area
- Have low-to-moderate income