Frequently Asked Questions
Here is a list of our most frequently asked questions, If you don’t see one that will help you please give us a call or stop by your local stores we will be happy to help.
A fixed rate mortgages will have the same interest rate over the whole term of your loan.
Conventional loan means it isn’t part of any specific government program.
A VA loan is a type of mortgage loan available through the U.S. Department of Veterans Affairs. With VA loans, veterans, service members, and their surviving spouses can purchase homes with very little to no money down and not have to get private mortgage insurance.
FHA is short for Federal Housing Administration. FHA provides mortgage insurance on mortgage loans.
20% down payment is what is the standard, but that’s not always required. Qualified buyers can sometimes get mortgages with as little as 3% down, or well qualified buyers can even see no down payment situation.