Loan Programs
Find the Right Loan Program for You
Conventional Fixed-Rate Mortgages ( FRM )
A traditional, stable mortgage where your interest rate stays the same for the life of the loan. Perfect for those planning to stay in their home long-term.
Adjustable-Rate Mortgages (ARM)
Starts with a fixed interest rate for a set period before adjusting based on market trends. A great option if you plan to sell or refinance before the rate changes.
Hybrid ARMs (3/1, 5/1, 7/1, 10/1)
A mix between fixed and adjustable-rate mortgages, offering predictability for the first few years before converting to an adjustable rate.
FHA Loans (Great for First-Time Buyers!)
Backed by the Federal Housing Administration, these loans offer:
✔ Low down payments (as little as 3.5%)
✔ Easier qualification requirements
✔ Competitive interest rates
VA Loans (For Military & Veterans)
Designed for active-duty military, veterans, and eligible spouses, VA loans provide:
✔ Zero down payment required
✔ Lower interest rates
✔ No private mortgage insurance (PMI)
Interest-Only Mortgages
For a certain period, you pay only the interest on your loan, keeping payments low before transitioning to full payments. Ideal for investors and those with fluctuating income.
Reverse Mortgages (For Homeowners 62+)
Turn your home’s equity into cash payments, while still living in your home—ideal for supplementing retirement income.
Understanding the Components of an Adjustable-Rate Mortgage (ARM)
An ARM includes key factors like the initial fixed-rate period, adjustment period, rate caps, and index & margin, all of which determine how and when your interest rate changes.
Commonly Used Indexes for ARMs
ARM interest rates adjust based on financial market indexes such as SOFR, Treasury Index (CMT), COFI, and the Prime Rate, which influence how much your mortgage rate fluctuates over time.
Not Sure Which Loan is Best for You?
Choosing between a fixed-rate or adjustable mortgage, a government-backed loan, or a specialty program depends on your goals, financial situation, and future plans.
Let’s explore your options together!
Let’s explore your options together!
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