The Right Loan for You

RYAN CAN HELP YOU MAKE THE BEST DECISION

Picking the right loan for you and your family can be daunting but Ryan is here to help during every step of the decision process. It’s important to make sure that you understand the pros and the cons of every product. Ryan can help you with every type of loan, whether conventional, FHA, VA or other. Contact Ryan today to discuss the benefits and eligibility requirements for each type of loan.

conventional loans

Conventional loans are the most common type of mortgage. Unlike FHA and VA , these mortgage loans aren't insured by any government program.. Typically there are two types of conventional loans, Fixed-Rate Mortgage and Adjustable-Rate Mortgage, both have flexible term limits.

GOVERNMENT loans

The U.S. Government has several programs to help people become homeowners. There are two types of Government Loans. Federal Housing Administration (FHA) loans are a safe viable option which usually only require 3.5% as a down payment. The other, VA loans aim to help active-duty military members, veterans and surviving spouse purchase, build or refinance a home.

JUMBO loans

Jumbo loans are typically issued for large or luxury property. These are single-family homes that exceed the conforming limits for conventional loans set by Fannie Mae and Freddie Mac. In most counties, any mortgage of more than $453,000 is a jumbo loan. In counties with high home prices, the conforming loan limit is higher – up to $679,650. These loans may have stricter approval requirements, but often offer the same or lower interest rates as conventional loans.

FOREIGN NATIONAL loans

Owning a home is a big part of the American Dream. It's also a goal of many people who live in the country, but haven't yet acquired official citizenship. A true foreign national isn’t planning on living permanently in the United States. They’re buying a second home or investment property. Ryan can help you navigate this often difficult loan process.

REVERSE loans

If you have considerable equity in your home, you may be able to convert that asset into income. Payments are made directly to you, and as long as you live in the home, the loan never has to be repaid. If you permanently leave the home, the balance on your reverse mortgage becomes due. Selling the home itself can pay for this - any remaining equity belongs to you or your heirs.