Loan programs
Find the loan that fits
Every program has trade-offs. Here's a plain-English overview of each, and Bill will help you compare the ones that fit your situation.
30-Year Fixed Mortgage
The most popular home loan in America. One rate, one payment, for the full 30 years.
- Rate and principal-and-interest payment never change
- Lowest monthly payment of any fixed-rate term
15-Year Fixed Mortgage
Pay your home off in half the time and save significantly on interest.
- Rates are typically lower than a 30-year fixed
- Far less total interest paid over the life of the loan
Adjustable-Rate Mortgage (ARM)
A lower fixed rate for the first several years, then a rate that adjusts with the market.
- Common fixed periods: 5, 7 or 10 years
- Starting rate is often lower than a 30-year fixed
FHA Loans
Government-insured loans with low down payments and flexible credit guidelines.
- Down payment as low as 3.5% with a 580+ credit score
- Gift funds from family can cover the down payment
VA Loans
Zero-down home loans for eligible veterans, service members and surviving spouses.
- No down payment required for eligible borrowers
- No monthly mortgage insurance
Jumbo Loans
Financing for higher-priced homes above the conforming loan limit.
- Loan amounts above the conforming limit set each year by the FHFA
- Fixed and adjustable options
FHA 203(k) Renovation Loans
Buy a home and finance the repairs in one loan.
- One loan covers the purchase price and renovation costs
- FHA's low down payment applies to the total
USDA Loans
Zero-down loans for homes in eligible rural and suburban areas.
- No down payment required
- Income limits based on household size and county
Non-QM Loans
Flexible financing for self-employed borrowers, investors and unique income situations.
- Bank statement loans that use deposits instead of tax returns
- DSCR loans for investors, qualified on the property's rental income
Not sure which one is right?
Answer a few questions and Bill will recommend the programs that fit your goals.