There are several different loan types to fit the needs of all families. Regardless of your situation, we can find a mortgage that will fit your needs and your budget. We offer traditional fixed rate and adjustable rate mortgages as well as other options. Speak with our skilled and experienced mortgage counselors to understand which mortgage will be best for you and your family.
Here are brief descriptions of the different loan types we offer:
Traditional Fixed Rate Mortgages
With a fixed rate mortgage, the interest rate stays the same for the lifetime of the loan. Your monthly payment (for principal and interest) stays the same for the term of the loan. We offer many fixed rate mortgages with terms to fit your budget.
Adjustable Rate Mortgages
An adjustable rate mortgage (or ARM) usually starts with an initial interest rate lower than traditional fixed rate loans. After an initial payment period, the interest rate is subject to review and can move up or down based on the movement of a specified “index.” From then on, the rate is reviewed periodically. As the rate changes, so does your monthly payment.We have a variety of adjustable rate mortgages.