Choose from fixed- or adjustable-rate mortgages (ARMs) or FHA, VA and Rural Development (USDA) mortgage loans.
Lock into a fixed-rate mortgage if you think you’re there to stay and want regular monthly payments. We offer 15-, 20- and 30-year mortgage rates.
Think ARM if you plan to move in a few years or want lower monthly payments upfront. Ours offer fixed rates for seven or 10 years, then adjust yearly.
Backed by the Federal Housing Administration, FHA loans allow down payments as low as 3.5%. VA loans offer low mortgage rates to Servicemembers, Veterans and eligible surviving spouses.
Any individual(s) qualifies whose household income is at or below 80% of area median income (AMI) or is purchasing a property in an LMI tract (low-to-moderate income tract) and does not have any real estate in their name at the time of closing.
Backed by the U.S. Department of Agriculture (USDA), rural development mortgages promote home buying in rural or sparse suburban communities. No down payment and low mortgage insurance rates make them an affordable option.
This innovative conventional mortgage loan puts the dream of home ownership within reach for low-to-moderate homebuyers. Home Possible borrowers can finance a home with a down payment of as little as 3%. Competitive pricing and flexible terms make it affordable and attainable.
Like Home Possible, Freddie Mac’s HomeOne program lets you put down just 3%. The difference? It’s for qualified first-time homebuyers and no cash-out refinance mortgage borrowers only. Even with less than perfect credit, you can still realize the benefits of homeownership.
(1) The servicer shall conduct an escrow account analysis before establishing an escrow account to determine the amount the borrower shall deposit into the escrow account, subject to the limitations of §1024.17(c)(1)(i).After conducting the escrow account analysis for each escrow account, the servicer shall submit an initial escrow account statement to the borrower at settlement or within 45 calendar days of settlement for escrow accounts that are established as a condition of the loan.