Loan Programs
There are many loan programs available - too numerous to cover them all, we've highlighted the programs more commonly offered today. Characteristics of each loan program are unique, so consult your mortgage professional for more information and to become familiar with the details of the programs available to you.
To help determine the best loan program for you, consider the following:
- How important is payment certainty? If knowing that your payment will be the same every month is important, consider a fixed-rate mortgage.
- How important is rapid equity buildup? If rapid equity buildup is a factor, consider a shorter amortization period, such as a 15-year, fixed-rate mortgage.
Other factors to consider include:
- ability to qualify at market rates for loan amount selected
- anticipated term of occupancy
- existence of up-front costs
| Loan Programs | Characteristics |
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| FHA 15- and 30-Year Fixed-Rate Mortgages |
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