Mortgage Loan Options Getting the right mortgage loan requires thoughtful analysis of your financial situation and goals. We’re here to guide you through the options. Mortgage Interest RatesYour financial situation and goals have a lot to do with the interest rate you’re offered. Beware of ads for unusually low rates–there’s probably a catch! Will you be best served with a 30-year fixed rate, 15-year, or adjustable-rate mortgage? Are “points” a smart option for you? Your Thompson Kane loan officer will design a solution with your goals in mind, not theirs. Fixed Rate MortgageWhen you get a fixed rate mortgage your interest rate won’t change unless you refinance. The 15-year mortgage is a popular choice for those who don’t mind a higher monthly payment in exchange for a lower interest rate and early payoff date. Click for more about fixed-rate mortgages! Adjustable Rate LoansAn adjustable rate mortgage, or ARM, (also called variable-rate mortgage), offers a lower interest rate for the first stage of the loan. After the fixed stage of the loan, interest rates can fluctuate along with the economy and the cost of borrowing, causing your monthly payment to change periodically. VAVA loans provide easier borrowing access to veterans of the US Armed Forces, active service members, and surviving spouses who qualify. Those who serve our country deserve the best mortgage loans possible. Click to learn how VA loans provide savings for the heroes of our country. FHAThe FHA provides a government-backed mortgage for those who qualify, with greater flexibility than conventional loans. FHA loans can provide a lower down payment, lower interest rates and closing costs, and are available to borrowers with lower credit scores. USDABuy your home with zero down payment in qualifying rural and suburban areas. Learn more about the conditions and requirements of a USDA loan here today. JumboSee if you qualify for a Jumbo mortgage loan with Thompson Kane. Our Jumbo loans make it possible to finance large loans that exceed the Federal Housing Finance Agency’s conforming loan limits. Thompson Kane helps big dreams become reality for qualifying borrowers who plan to make large home purchases. Go to the source to learn about VA home loans, FHA home loans, USDA home loans and other mortgage loan options, including income and property eligibility.