Mortgage Loans

One of the easiest ways to determine the amount of mortgage you qualify for is to reach out to one of our loan officers. Our experts will help determine the approximate amount you can borrow based on your specific situation before you shop for your new home.

Mortgage insurance is written by a private mortgage insurance company to protect the mortgage lender against loss due to default or foreclosure.

The APR includes the cost of the interest rate plus any broker or lender fees, closing costs, discount points, or rebates. This cost is also expressed as a percentage and should be greater or equal to the interest rate. This number is influenced by the lender as it includes fees which may vary between companies.

Closing costs will cover recurring (ongoing expenses) and nonrecurring (one-time) fees that are part of your transaction. Costs can vary depending on where you live, the type of loan you choose, and the property that you purchase.

The primary government-backed mortgages include VA, FHA, and USDA loans. VA loans are backed by the U.S. Department of Veteran's Affairs, FHA loans are backed by The U.S. Department of Housing and Urban Development (HUD), and USDA loans are backed by the U.S. Department of Agriculture.