We offer many different types of loans. The same loan program is not right for everyone. Call us at (717) 735-2203 for immediate personal assistance.
Please refer to our Mortgage Glossary for mortgage terminology and definitions.
Conventional Loan
Benefits
- 15 to 30-year fixed
- No appraisal options
- Roll-in closing costs
- Cash out to 80%
Disadvantages
- Rate increases for a credit score lower than 680
FHA Loan
Benefits
- 15 to 30-year fixed
- Streamlined paperwork
- Cash out to 85%
- No appraisal options
Disadvantages
- MI for the life of the loan
- Limits on adding in closing costs
- Random rules that slow the process
VA Loan
Benefits
- 15 to 30-year fixed
- Reduced paperwork
- Cash out to 95%
Disadvantages
- Random rules that slow the process
- Must be a veteran
Jumbo Loan
Benefits
- 15 to 30-year fixed
- No MI to 85%
- Cash out to 75%
- Rate and term to 90%
Disadvantages
- .125%-.25% higher than conventional
- Appraisals always required
Physician Loan
Benefits
- 15 to 30-year fixed
- No MI to 95%
Disadvantages
- Must be a physician
- No cash out
- .125% over conventional