Find the right mortgage today!
Whether your looking for a home or have already found one, knowing your mortgage options puts you in control of your future. Sharonview has mortgage programs for all size loans and even government-backed mortgage loans for certain qualified buyers.
Let’s look at the common differences in mortgage loans and rate structures so you know what your choices are. Rates may vary based on individual credit worthiness, and all loan offers are subject to credit approval. For a deeper dive into mortgage loan types, check out our Money Matters blog.
When you’ve finished reviewing your options and are ready to move, talk to a Mortgage Loan Officer today!
Conforming and Jumbo Mortgages
Sharonview offers both conforming and non-conforming, or jumbo, mortgages. But what does that mean? To help you understand our mortgage loan options, take a look at the handy table below.
- Conforming mortgage loans A conforming loan meets the limit set by the Federal Housing Finance Agency (FHFA) each year. The 2026 limit is $832,750.
- Jumbo mortgage loans are financing options for homebuyers whose loan amount exceeds conforming loan thresholds.
Fixed-Rate and Adjustable-Rate Mortgages
Regardless of the mortgage type you need, you’ll need to decide on a fixed-rate mortgage or adjustable-rate mortgage. What you choose can help determine your monthly mortgage payments and your short- or long-term mortgage loan rate.
- Fixed-Rate Mortgages are great for consistency and reliability in a loan payment. Regardless of market fluctuations, your mortgage payment and interest rate stay the same, meaning it’s easier to plan ahead for future expenses, renovations, and life events with confidence.
- Adjustable-Rate Mortgages (ARMs) are excellent loans when you want long-term flexibility. These loans adjust in intervals based on market fluctuations. To protect the buyer, ARMs come with a rate cap of 2.00% per adjustment period and 6.00% over the life of the loan.
Sharonview currently offers two types of ARMs:
- 3/3 ARM: Enjoy a fixed rate for the first three years and a variable rate every three years thereafter.
- 5/1 ARM: A fixed rate for the first five years with an annual adjustment in rate after that.
Government-Backed Loans
If you need something a little different than what conventional loans offer, consider a government-backed mortgage! These loan programs are great for first-time homebuyers, low-income buyers, those in specific areas, or servicemen and -women.
- FHA: An loan from the Federal Housing Administration is a government-backed loan that helps low-income buyers become homeowners. An FHA loan also has fewer requirements than conventional loans and low down payment options, making it an attractive option for first-time homebuyers.
- VA: For current and former servicemembers, a VA Loan might be the key to homeownership. Veterans Affairs (VA) helps eligible military veterans, servicemembers, and their spouses obtain assistance with buying a home. Typically, these loans require little to no downpayment and offer competitive rates and limited closing costs.
- USDA: For homebuyers in eligible towns or rural areas, a USDA loan may help low- to moderate-income homebuyers. These types of loans are guaranteed by the U.S. Dept of Agriculture’s Rural Development Guaranteed Housing Loan Program and require zero downpayment.
Membership eligibility required. All offers subject to credit approval. Jumbo mortgages are for loan amounts exceeding $832,750 (with a maximum of $2 Million.) Jumbo mortgages over 80% loan-to-value (LTV) usually require mortgage insurance. Different programs have different credit score and LTV requirements. Condominiums, second homes, and investment properties may be ineligible for certain programs. Additional property and borrower eligibility restrictions may apply; contact us for details. Applications accepted for properties located in NC, SC, NJ, PA, VA, TN, GA, FL. Third-party charges, origination fees, points and interim interest may apply. Terms and conditions subject to change without notice.