Types of Loans

Home Personal Mortgage Types of Loans
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Adjustable Rate Mortgage Loans (ARMS)

With Adjustable Rate Mortgage Loans, rates are locked for a 1, 3, or 5 year period. After the initial rate lock period has expired, the rate will reprice for another 1, 3 or 5 year term. Adjustable Rate Mortgages can be attractive based on lower costs to complete the loan, fixed rate market does not meet your needs or for shorter term loans.

10, 15, 20, and 30 Year Fixed-Rate Mortgage Loans

Loans with a fixed rate for a period of 10, 15, 20 or 30 years. Payments (principal and interest) do not change for the life of a fixed term loan. Shorter term loans can have lower interest rates but can also have larger payment amounts.
Fixed term loans include:

  • FHA
  • First Time Home Buyer
  • FHLB Down Payment Assistance
  • Rural Development
  • Construction/Permanent Financing

Our lenders will work with you to find the best mortgage loan to fit your needs!