There are a number of different types of home loans available to you,
and it can pay to familiarize yourself with them.
Luckily we’re here to help you choose the best type of home loan for your needs.
The most common type of loan option, the traditional fixed-rate mortgage (Conventional Loan) includes monthly principal and interest payments with Mortgage insurance if you are putting down less the 20%.
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
If you're looking to buy a home in a rural or suburban area with no down payment and minimal investment, you might consider the USDA Rural Development Loan.
A jumbo loan is a mortgage that is above the Maximum Loan Limit for Conventional Loan and can differ in certain areas. Conventional Loan limits in most areas in Utah is $766,550 as of 2024 and every year can and may go up.
We've been helping customers afford the home of their dreams for many years and we love what we do.
NMLS: 1068940
Company NMLS: 2399855
www.nmlsconsumeraccess.org4893 S. 6300 W.
Hooper, UT 84315
Phone: (801) 643-0233
pcordon@thecoremortgageteam.com
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