A 30-year fixed loan offers a low monthly payment over a longer period of time. It's an attractive option to maximize payment flexibility.
A 20-year fixed rate loan offers more payment flexibility compared to a 15-year mortgage without extending the term to 30 years.
A 15-year fixed rate loan maximizes interest savings by aggressively paying off the loan quicker.
An adjustable rate mortgage may have features that allow for the interest rate and payments to be fixed for an initial period, and adjust periodically after.
The Federal Housing Administration offers excellent mortgage products for new home buyers and refinancing.
A mortgage loan insured by Fannie Mae or Freddie Mac with a maximum conforming loan limit of $726,200.
SoFi Home Loans is proud to be able to offer government-insured Veteran Administration loans to our military veterans.
A loan amount which is larger than the conforming and/or high balance conforming loan limit
Short for Home Equity Line of Credit, a HELOC is a revolving line of credit that allows homeowners to draw, as needed, and borrow against the equity in their property.
Short for Home Equity Loan, a HELOAN is a lump sum loan where the borrower receives a one-time disbursement of funds and repays in fixed installments.