The VA Loan provides veterans with a federally guaranteed mortgage that requires no down payment
If you live in a small town or rural area, a USDA loan might just be the perfect fit
The most common type of loan program, where monthly principal and interest payments never change
A type of loan with interest rates that can vary during its term
Choosing a loan type is an important decision that is best made after you have researched your options. The many different types of home loans available can seem overwhelming. Should you choose a fixed rate, adjustable rate, or government loan mortgage? Taking the time to explore your options now can mean saving thousands of dollars in the long run.
Ask yourself the following questions to determine what loan type is right for you:
With so many options out there, it’s hard to decide what is best. Your FirstTrust loan officer will be your trusted advisor and will make sure you choose the loan that is perfect for you and your circumstances.