Types of mortgages
Fixed-rate mortgage
With a fixed-rate mortgage, the interest rate remains constant throughout the loan term. This provides stability in monthly mortgage payments, making it easier to budget.
Get StartedAdjustable-rate mortgage
An adjustable-rate mortgage (ARM) differs from a fixed-rate mortgage in that the interest rate can change periodically based on market conditions.
Get StartedGovernment-backed mortgages
A home loan guaranteed or insured by a government agency such as the FHA, VA, or USDA, aiming to make homeownership more accessible and affordable for eligible borrowers.
Get StartedHow the mortgage process is handled
Pre-approval
Start by getting pre-approved for a mortgage, which involves providing the necessary financial information to a lender
Mortgage application
Once you find a suitable lender, you'll complete a mortgage application and provide documents such as proof of income
Mortgage underwriting
The lender will review your application, verify the provided information, and assess your creditworthiness and the property's value.
Mortgage offer and acceptance
If approved, the lender will provide a mortgage offer outlining the terms, interest rate, loan amount, and any conditions.
Take your first step towards a new home
Start your applicationWhat kind of mortgage is right for you
Fixed-rate mortgage
With an FRM, the interest rate remains unchanged for the entire loan term, providing predictability in monthly payments.
Adjustable-Rate Mortgage
ARMs typically start with an initial fixed-rate period, during which the interest rate remains constant. This period can range from a few months to several years.
Government-Backed Loans
VA Loan: Guaranteed by the Department of Veterans Affairs, available to eligible veterans and active-duty service members.
