LOAN TYPES

➢ Fixed Rate Mortgages

Description: A mortgage loan in which the interest rate does not change during the entire term of the loan.

* A fixed-rate mortgage term is generally 15, 20 or 30 years long
* Low down payment options
* Variety of terms to fit your needs.
* Best if you plan to stay in your home at least 5 years.

➢ Adjustable Rate Mortgages (ARM)

➢ Jumbo Loans

➢ FHA Loans

➢ VA Loans

➢ Rehabilitation Loans

➢ State Housing Programs

➢ USDA Rural Housing

Who pays for the 2-1 buydown—the buyer, the seller, or the lender?