If your needs don't fit within the framework of the more traditional loans, we have other options for you. If you are interested in an FHA loan, please contact a Mortgage Advisor in your area.
VA 15 Year Fixed
Best Choice If:
Eligible VA service member, or eligible family member, has low or no funds for down payment
Flexible credit requirements are needed to qualify
Advantages:
Up to 100% financing for qualified service members
Flexible qualification requirements
No monthly mortgage insurance
Disadvantages:
Must be an eligible VA service member as defined by the Department of Veteran Affairs
Financing is available for primary residences only
A VA funding fee is required. Certain exceptions apply.
Sample Payment:The Monthly Mortgage Payment (P&I) is based on a purchase price of $300,000 for an owner-occupied conforming property with a 20% down payment and a 30 year term.
The calculations assume member-paid closing costs, including points, which typically range from 2-3% of the loan amount.
VA 30 Year Fixed
Best Choice If:
Eligible VA service member, or eligible family member, has low or no funds for down payment
Flexible credit requirements are needed to qualify
Advantages:
Up to 100% financing for qualified service members
Flexible qualification requirements
No monthly mortgage insurance
Disadvantages:
Must be an eligible VA service member as defined by the Department of Veteran Affairs
Financing is available for primary residences only
A VA funding fee is required. Certain exceptions apply.
Sample Payment:The Monthly Mortgage Payment (P&I) is based on a purchase price of $300,000 for an owner-occupied conforming property with a 20% down payment and a 30 year term.
The calculations assume member-paid closing costs, including points, which typically range from 2-3% of the loan amount.
VA 5/1 ARM
Best Choice If:
Eligible VA service member, or eligible family member, has low or no funds for down payment
Flexible credit requirements are needed to qualify
Advantages:
Up to 100% financing for qualified service members
Flexible qualification requirements
No monthly mortgage insurance
Disadvantages:
Must be an eligible VA service member as defined by the Department of Veteran Affairs
Financing is available for primary residences only
A VA funding fee is required. Certain exceptions apply.
Sample Payment:The Monthly Mortgage Payment (P&I) is based on a purchase price of $300,000 for an owner-occupied conforming property with a 20% down payment and a 30 year term.
The calculations assume member-paid closing costs, including points, which typically range from 2-3% of the loan amount.
10/6 ARM - Land Loan SOFR
Best Choice If:
Member is looking to purchase improved or unimproved property or refinance improved land.
Wants a lower rate and/or payment than a fixed-rate mortgage offers.
Advantages:
Initial fixed interest rate for 10 full years; rate adjusts every 6 months thereafter.
Member wants to purchase land now and build later.
Parcels up to 20 acres.
Purchase loan amounts to $400,000.
Disadvantages:
Only available for properties in Washington and Idaho.
No large structures or mobile homes are allowed on the property.
There can be no construction of any sort in progress.
Cannot be used for commercial, agricultural, timberland or farming.
5/6 ARM - Land Loan SOFR
Best Choice If:
Member is looking to purchase improved or unimproved property or refinance improved land.
Wants a lower rate and/or payment than a fixed-rate mortgage offers.
Advantages:
Initial fixed interest rate for 5 full years; rate adjusts every 6 months thereafter.
Member wants to purchase land now and build later
Parcels up to 20 acres
Purchase loan amounts to $400,000
Disadvantages:
Only available for properties in Washington and Idaho.
No large structures or mobile homes are allowed on the property.
There can be no construction of any sort in progress.
Cannot be used for commercial, agricultural, timberland or farming.
15 Year Fixed - Land Loan
Best Choice If:
Member is looking to purchase improved or unimproved property or refinance improved land.
Wants a stable fixed rate payment.
Advantages:
Member wants to purchase land now and build later
Member owns land and wants to refinance to lower rate/payment only
Member owns land and wants to refinance to take cash-out refinance
Parcels up to 20 acres
Purchase loan amounts to $400,000
Refinance loan amounts to $100,000
Disadvantages:
Only available for properties in Washington and Idaho.
No large structures or mobile homes are allowed on the property.
There can be no construction of any sort in progress.
Cannot be used for commercial, agricultural, timberland or farming.
20 Year Fixed - Land Loan
Best Choice If:
Member is looking to purchase improved or unimproved property or refinance improved land.
Wants a stable fixed rate payment.
Advantages:
Member wants to purchase land now and build later
Member owns land and wants to refinance to lower rate/payment only
Member owns land and wants to refinance to take cash-out refinance
Parcels up to 20 acres
Purchase loan amounts to $400,000
Refinance loan amounts to $100,000
Disadvantages:
Only available for properties in Washington and Idaho.
No large structures or mobile homes are allowed on the property.
There can be no construction of any sort in progress.
Cannot be used for commercial, agricultural, timberland or farming.
Mortgage Rates
The Loan Consultant feature determines the products and rates that match your needs.
Ready to Start?
To apply for your easy online loan, all you have to do is answer a few simple questions about yourself, your property and your income, debts and assets.
