Now that you know a bit about different home loan types, we can focus on home loan programs. As I mentioned earlier, there are a ton of different loan programs out there, and more seem to surface every day. Let’s start with the most basic of mortgage loan programs, the 30-year fixed-rate loan.
Learn about the types of mortgages available, and find out what may be the best option for you. Compare mortgages with Experian, without affecting your credit score.
Home Purchase Loans. Get personal service from the start of your search up until you close. Your dedicated Affinity Plus mortgage loan officer will listen, help you find the best loan for your situation, and be there whenever you need them.
5. adjustable-rate mortgages; 1. Conventional mortgages. A conventional mortgage is a home loan that’s not insured by the federal government. There are two types of conventional loans.
Scott Credit Union has a full-service mortgage department and offers a wide range of products such as FHA, VA, Fixed Rate, Construction, and USDA loans.
Different types of mortgage explained. When you start looking round for a mortgage, you’ll soon realise that there are loads to choose from. So many in fact that the choice can be overwhelming and you probably don’t know where to start.
City Creek Mortgage is Utah’s most trusted, respected, and loved mortgage company. We’ve helped our clients save thousands on their mortgages. Whether you’re a first-time home buyer or an experienced homeowner, we’ve got you covered. Get in touch with us today and discover how we can assist with your mortgage needs.
1 Loan amount cannot exceed $1,500,000 and borrowers must have traditional credit in the U.S. to be eligible for mortgages above 80% loan-to-value. The minimum down payment assumes a FICO score of 720 and above, a one unit single family dwelling purchase and no cash out refinance transactions.
Types of Mortgages: Which One Is the Right One? When the homeowner approaches the lender and they begin the process of filling out the mortgage loan application, it is a very good idea to know what types of mortgages are available and the advantages and disadvantages for each of them.