• 30 Yr Fixed
• 15 Yr Fixed
• FHA 1 Yr ARM

• Up to 97.75% financing
• Seller can pay all costs up to 6%
• Lower mortgage insurance payment
• 100% "gift" allowed
• Interest rate can be fixed or adjustable
• "Non Owner Occupied" Co-borrower allowed
• FHA ARM has low margin
• FHA ARM has low adjustment caps

• Mortgage limits based on county
• Full qualified loan documents

VA

• 30 Yr Fixed
• 15 Yr Fixed

• No Down Payment
• No monthly mortgage insurance
• Higher loan amounts
• Low rates

• Borrower must be a veteran

Conventional Fixed Rate

• 30 Yr Fixed
• 15 Yr Fixed

• Monthly payments are fixed over the life of the loan
• Interest rate does not change
• Protected if rates go up
• Can refinance if rates go down

• Lower down payment
• Easier to qualify
• Lower rates may be available

• Some government subsidized programs may generate a recapture tax if you sell tde house too soon

• No loan costs
• Closing costs are paid from the lender rebate
• Less money required to close
• Refinance witdout increasing your loan amount

• Higher rates
• Higher payments
• Some lenders may have a short payoff penalty which is usually charged to the loan broker, but may be passed on to you
• Some require a prepayment penalty for the first one to five years

• Potential for reestablishing credit if you pay your mortgage on time
• When used for debt consolidation, you may be able to reduce your monthly debt payment

• Higher rates
• Terms may not be as favorable
• Loans may have prepayment penalties

Home Equity Line Of Credit

Currently not available

Home Equity Fixed Rate

Currently not available