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:

Other factors to consider include:

 

Loan ProgramsCharacteristics
FHA 15- and 30-Year Fixed-Rate Mortgages
  • Interest rate does not change.
  • Principal and interest (P & I) does not change.
  • Fixed-rate mortgages fully amortize over a defined period of time and are paid in-full at the end of the loan term.
  • Different loan terms are available (15- and 30-year terms are most popular).
  • The shorter the term, the faster equity is built and the loan is paid off.