Compare Loan Products
When it comes to choosing the correct loan program for your financial needs, "eeny, meeny, miny, moe" is never a good idea. Luckily, this product comparison chart offers a clear and concise snapshot of each loan type, so you can get a good idea of which one is best for your mortgage needs. When you're ready to discuss your options, don't hesitate to contact us - our experienced and friendly loan professionals will be happy to answer any questions you may have.
| Mortgage | Low or No Down Payment | Flexible Credit Guidelines | Purchase | Refinance | Advantage | |
|---|---|---|---|---|---|---|
| Conventional Loans | This is the most commonly used loan program - loan term options from 10 to 30 years; primary residence, secondary residence, or rental property purchase options; no mortgage insurance with a down payment of 20% or more | Better pricing | ||||
| FHA Loans | Down payment options as low as 3.5% are available for this government-backed loan | Flexible Credit | ||||
| USDA Loans | It's not just for farmers - this loan is for those looking to purchase or refinance in a rural area, and financing is available up to 100% (meaning no down payment is required) | No down payment | ||||
| VA Loans | Special financing available to active-duty members and veterans of the military | No down payment | ||||
| Wealth Building Loan | This program allows you to pay more to principal and less to interest each month, building equity quicker | No down payment, build wealth fast | ||||
| Community Heroes | Special financing for police, firefighters, teachers, EMTs, or paramedics | Low down payment | ||||
| Community Experts | Special financing for accountants, architects, financial analysts, or actuaries | No down payment | ||||
| Select Smart | This program allows you to not pay mortgage insurance or a large down payment | Low down payment and no mortgage insurance | ||||
| Jumbo Loans | This is perfect for those needed to finance more than the conforming limit of $484,350 | Larger loan options | ||||
| FHA 203(k) Loans | If you're considering a fixer-upper, this loan allows you to finance both your mortgage AND many renovation costs | Great for fixer-uppers | ||||
| Construction Loans | A single loan covers the cost of construction, the lot, and the mortgage | New home construction and low down payment | ||||
| Condominium Loans | Fixed and ARM options are available for this loan, which offers a streamlined condominium review process | Great for those not interested in single-family units | ||||
| Medical Professional Programs | Low down payment options available for doctors and dentists who have just finished medical school or residency, but are ready to become a homeowner | Common sense loan options | ||||
| Home Possible Loans | Financing for low- and moderate-income borrowers | Low down payment, lower reserve requirement | ||||
| Manufactured Housing Loans | Flexible loan terms to meet your specific needs, including options such as FHA and VA financing | Single and double-wide options | ||||
| Cabin or Vacation Home Loans | Perfect for financing your home away from home | Financing for family fun | ||||
| HomeReady Loans | Up to 97% financing, no minimum borrower contributions, and no income limits | Low down payment |
All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With Adjustable Rate Mortgage loans, the rate is variable and may increase or decrease every year after the initial fixed rate period based
on changes to an index. This could result in an increase in the monthly payment.
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