Looking to buy a home but not sure what you need? Don’t worry! Our mortgage consultants can help you find the right mortgage loan for your budget. Here’s a breakdown of some options:
Fixed-Rate Loans
Plan ahead with confidence! Regardless of interest rate changes, a fixed-rate mortgage has a set interest rate for the life of the loan, making it easy to know what to expect. Explore conforming and jumbo mortgage loans to see what’s right for you.
Adjustable-Rate Loans
When you need a little more wiffle room in your budget, an adjustable-rate mortgage (ARM) may make sense for you. With lower initial rates than fixed-rate mortgages, an ARM may help get you into the home of your dreams! Discover conforming and jumbo mortgage options to fit your needs.
What’s the difference between conforming and jumbo?
That is a great question. A conforming loan is a mortgage that meets the requirements determined by the Federal Housing Finance Agency (FHFA). One of these requirements is the maximum loan amount limit. This limit is revised annually and determined by the county in which the property is located. A Jumbo Loan is any mortgage that exceeds the maximum loan limit for a specific area. Fixed-Rate and Adjustable-Rate jumbo loan options are available.
Contact a mortgage consultant for more details.