TYPES OF LOANS

In some counties you can go above the conforming loan limit and get what is called a “High Balance” loan. Those counties and loan limits are available here. 

These are loans above the conforming loan limit (or high balance loan limit if available) and can go to as high as $3 million.

These loans are guaranteed by the U.S. Department of Veterans Affairs and are available to those with military service and can offer low rates.

A program from the U.S. Department of Agriculture that helps people buy homes with very little down payment in rural areas.

A loan that is insured by the Federal Housing Authority. These are typically available to lower credit score borrowers and can offer a lower down payment but might have higher costs due to mortgage insurance requirements.

This is an Adjustable Rate Mortgage and usually has an initial period with a fixed interest rate but then begins periodic rate adjustments up or down depending on the market.

This is an Interest Only loan where a borrower will pay only the interest on the balance for a period of time. After that initial period, the borrower will need to pay both principal and interest.