Chose your home loan

Which mortgage works best with your financial goal?

If you want to… The best loan for you is… It works because…
Have the same monthly payment for the life of your loan. Fixed-rate mortgage You want a stable monthly payment. You like the security of a fixed rate. You plan to be in your home for a long time.
Have lower monthly payments at the beginning of your loan. Adjustable Rate Mortgage (ARM) You start with a lower rate and payment. Your budget can manage a changing rate and payment. You plan to be in your home short-term. You know you can switch to a fixed rate later on.
Buy your home with a small down payment. Government loan You're have 20% for a down payment. You are a first-time homebuyer and/or a U.S. veteran. You'll have a consistent monthly payment for the life of your loan. You meet the eligibility requirements.
Refinance to a lower monthly payment. Fixed-rate mortgage You plan to be in your home a long time. The current rate is lower than your existing loan rate. Your budget can work with either a 30- or 15-year loan.
Refinance to consolidate your debt. Fixed-rate mortgage You will have money in your pocket to take care of expenses. You have enough equity in your home to cover the higher loan amount. Your budget can manage the new mortgage.
Buy or refinance your primary residence with a small down payment. Affordable Home Loans (Alternatives to a traditional mortgage) [1] You are looking for an alternative to a traditional mortgage. You want a stable monthly payment. You want to put down as little as 3% for a down payment.
Borrow more than the conforming loan limit (See below for Loan Limits) High Balance / Jumbo Loan You can use it to buy a home or refinance. You can choose either a fixed rate or an adjustable rate. You have great credit.

Our affordable home loan options offer: Fannie Mae – HomeReady and Freddie Mac – Home Possible loan programs (subject to area median income limits):

  • Low down payments – as low as 3%
  • Unique mortgage insurance plans
  • Competitive interest rates

(1) Alternatives to a traditional mortgage: If you're looking for an alternative mortgage, our affordable loan programs can help. All you need to do is find the right home. We'll help you find the right mortgage.