Specialty Loan Programs
You’re Not Standard. Why Should Your Mortgage Be Standard? Self-Employed Borrower: Bank Statement Mortgage Self-Employed Solutions: An alternative to income requirements for…
Loan TypesMortgage Guides — Page 2
Plain-English guides to mortgage programs, loan types, closing costs and building or renovating a home.
Condominium Mortgage Programs
Condo Program Condos come in all sizes, and so do condo loans. Typical program features: JUMBO Loans to $2,000,000 Low Down Payment…
Loan Types
Types of Mortgage Loans
There is a wide variety of mortgage options to suit any borrower’s needs, including Conventional, Jumbo, FHA, VA, USDA and Affordable Housing…
Loan Types
Conventional, Jumbo and Super Jumbo Mortgages
Conventional Mortgage A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform…
Loan Types
Affordable Housing and Down Payment Assistance Programs
Chicago and the Midwest Illinois Housing Development Authority (IHDA) Access Forgiven Program Access Deferred Program Access Repayable 1stHomeIllinois Federal Home Loan Bank…
Government Loans
What Is an ARM Loan?
Adjustable-rate mortgage (ARM) loans are home loans that typically have lower interest rates than fixed-rate mortgages. With a fixed-rate mortgage, the interest…
Loan Types