Our Mortgage Solutions can help. Once you are pre-approved, you can shop for a new home with a mortgage approval in your hand. Have a fixed rate and monthly payment for the entire life of the loan. It's easy to budget for this type of loan because your payment will always be the same. A great way to keep payments low for the first few years.
ARMs usually start with lower rates than fixed rate loans.
Rates are adjusted based on the terms you agree to at the start of the loan. Your loan will have a lifetime rate cap, so you'll know the absolute maximum rate you would ever have to pay. If you expect to move in a few years, or if you think interest rates will go down, you'll want to consider an adjustable rate mortgage. An easy way to buy your property and build your home with one application, one loan and one closing. We offer both fixed and adjustable rate construction mortgage options, and you can lock in your end loan rate up front.