Purchase
The majority of Americans still believe a 20% down payment is required to buy a home. This is simply not true
Refinance
To refinance a mortgage means to replace an existing mortgage loan with a new one. With a refinance, the principal balance of the existing loan is paid-in-full using the balance of the new loan.
Conventional Loan
A Conventional loan is a loan that is not backed by a federal agency, but instead backed by private lenders such as Fannie Mae or Freddie Mac.
FHA Loan
An FHA Loan is a mortgage that’s insured by the Federal Housing Administration.
VA Loan
VA loans are designed specifically for veterans. VA loans should only be issued by a VA-approved lender and are guaranteed by the federal government.
Jumbo Loan
A jumbo loan is a loan that falls outside of the conforming loan limits.