Mortgage options
Choosing the right mortgage is just as essential as finding the right home. At Impact Mortgage Southeast, we recognize that every borrower’s financial goals and circumstances are unique. With access to a wide selection of loan programs from multiple lenders, we’re here to help you secure the option that fits you best.
OPTION 1
Conventional Loans
Conventional loans are not backed by the federal government and are ideal for borrowers with strong credit. They offer both fixed and adjustable-rate options, along with flexible term lengths. While they may require a higher down payment, they provide greater freedom in property type and usage.
OPTION 2
FHA Loans
FHA loans, insured by the Federal Housing Administration, are designed to support first-time buyers and those with lower credit scores. They feature reduced down payment requirements and more flexible guidelines, making homeownership more accessible.
OPTION 3
VA Loans
VA loans serve eligible veterans, active service members, and qualified surviving spouses. These loans offer powerful benefits, including no down payment, no private mortgage insurance, and competitive interest rates.
OPTION 4
USDA Loans
USDA loans, backed by the U.S. Department of Agriculture, assist buyers in rural and select suburban areas. They provide up to 100% financing, meaning no down payment is required, and often deliver lower interest rates.
OPTION 5
Jumbo Loans
Jumbo loans are designed for buyers looking to purchase homes priced above conventional loan limits. They typically require stronger credit and higher down payments but allow financing for high-value properties and luxury homes.
OPTION 6
Adjustable-Rate Mortgages (ARMs)
ARMs begin with a lower introductory interest rate that adjusts over time. They may be a strong fit for buyers planning to move or refinance before the adjustment period begins.
OPTION 7
Fixed-Rate Mortgages
Fixed-rate mortgages offer a stable interest rate for the life of the loan, giving you consistent monthly payments. This option is ideal for buyers seeking long-term predictability and financial stability.
At Impact Mortgage Southeast, we're committed to helping you navigate these options and finding a mortgage that aligns with your financial goals. Our team of experienced mortgage professionals is ready to guide you through the complexities of the mortgage landscape.
Please note: This information is provided as a guide and is not intended to replace professional real estate or financial advice. Always consult with a licensed real estate professional and financial advisor for assistance with your specific situation.