Fixed Rate Mortgages
A standard fixed-rate loan where the interest rate is locked for the entire term of the loan. This is traditionally the most popular way to finance a home.
Conventional, VA, FHA and USDA Rural Development are available. Fixed monthly payment. Low down payments available for qualified borrowers. Escrow service available for taxes and insurance.
Balloon mortgage options are also available. The balloon is a fixed-rate mortgage in which the principal and interest payments are amortized over a longer period than the actual term of the mortgage. As a result, the borrower must refinance or pay off the outstanding balance at the end of the mortgage term. This is a good option for a non-traditional or agricultural property that may not conform to traditional fixed-rate guidelines.