USDA LOANS 7 How USDA Loans Work USDA loans, also known as rural development loans, are backed by the U.S. Department of Agriculture and provide affordable mortgage options for homes in rural areas than other loans do. If you’re buying a home, you can get a...
VA LOANS 7 The Advantages of VA Loans No down payment required VA loans are available with fixed rates on a variety of terms, so you can choose the length of the mortgage that works for you. Need something more short term? You can still get a low interest rate...
JUMBO LOANS The Different Types of Jumbo Loans All jumbo loans are available with a fixed or adjustable rate. Jumbo loans are available with different terms – the length of the mortgage. How Jumbo Loans Work Jumbo loans are also called “nonconforming” loans...
Adjustable Rate Mortgages 7 How You Save With an Adjustable Rate Mortgage (ARM) The Different Types of ARM’s The interest rate on your ARM can be fixed for 5, 7 or 10 years. An ARM is an option you can get with an FHA loan. Qualified veterans, service...
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