There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.
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The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $548,250 in...
Can your bank statements help you secure a home loan? Explore the benefits of a home loan process centered around your bank statements. Perfect for self-employed individuals.
Dive into the DSCR home loans designed for savvy investors. Learn how a DSCRÂ loan can offer a pathway to investment success, focusing on the potential income of the property.
Turn that fixer-upper into a dream home with our Fix & Flip home loans. Get the financial backing you need to turn a property with potential into a real gem. Discover our Fix & Flip home loans today.
Discover the potential of your home equity with a HELOC home loan. Unlock the value trapped in your home equity with a flexible, convenient HELOC home loan.
Dreaming of lower mortgage payments? A seller-paid buydown may help! Discover how a seller-paid buydown can create a pathway to home ownership with more manageable monthly payments.
Self-employed individuals have a more difficult time qualifying for a traditional mortgage. At NEXA Mortgage, we offer our non-QM 1-year and 2-year P&L loans to help them. Borrowers can qualify for an NEXA loan based on the strength of their business’s Profit & Loss (P&L) statement.