Compare mortgage features & advantages
The choice of which mortgage program is right for you depends on a number of factors, including your current financial picture and how long you intend to keep your house. Learn more about the general features and advantages of each program, then allow our mortgage experts to help you evaluate your options and choose the best fit for your plans.
| LOAN PROGRAM | Best OPTION if you want: | ||||
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| Fixed Monthly Payments | Adjustable Rates | No or Low Down Payment | Good Option for First-Time Buyers | Construction- to-Permanent Eligible | |
Adjustable-Rate MortgageKey Features: Lower initial interest rates. Potential for significant savings if planning to move in a relatively short time. More on ARMs |
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FHA LoanKey Features: Lower down payment requirements. Great option for first-time home buyers. More on FHA Loans |
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Conventional Fixed-Rate MortgageKey Features: Predictable monthly payments. Good option for buyers purchasing their forever home. More on Fixed-Rate Mortgages |
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USDA Rural Development Guaranteed LoanKey Features: No down payment. Liberal qualifying guidelines. Properties must be in USDA-eligible areas. More on USDA Loans |
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VA Home LoanKey Features: Relaxed qualifying guidelines. Available to veterans of the U.S. Armed Forces and their spouses. More on VA Loans |
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Jumbo Home LoanKey Features: For larger loan amounts that exceed conventional limits. More on Jumbo Loans |
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