Buying a home should be one of the most rewarding experiences in your lifetime, especially if you’re a first-time homebuyer. The more you know about your mortgage options the better. At Nutter, we make sure you get the right mortgage for your situation.
Conventional Home Loans
The most common type of mortgage is known as a Conventional Loan (also known as a “conforming mortgage”). Conventional Loans are home loans for up to $453,100 that are typically backed by large institutional investors you may have heard of, such as Fannie Mae and Freddie Mac. Learn more about our Conventional Loans.
FHA Home Loans
FHA Loans have been a popular option for millions of homeowners, especially first-time home buyers. FHA Loans feature low down payment requirements, flexible loan terms, and overall the easiest way to qualify for a home loan. Learn more about our FHA Loans.
Veterans Administration (VA) Home Loans
VA Home Loans continue to be one of the best benefits offered for Veterans, which has helped more than 20 million Veterans and their qualifying family members achieve the American dream of homeownership. VA Loans feature 0% down payment options, flexible loan terms, fixed rates or adjustable rates, and more. Learn more about our VA Loans.
United States Department of Agriculture (USDA) Home Loans
If your dream is to purchase a primary residence in a rural area, or in a town or city of less than 20,000 people, we can help you discover a little known – but truly user-friendly, home loan through the USDA. This program is used to promote affordable homeownership in less-dense communities across the U.S. Learn more about our USDA Loans.
Jumbo Home Loans
For loans above the conforming limit in your area and up to $1.5 million, we offer a low, secured, fixed rate to help you get the best loan. Learn more about our Jumbo Loans.
Home Ready Loans
This new program allows home buyers the ability to purchase a home with a down payment as low as 3%. Created by Fannie Mae with the borrower in mind, making it easier for people to achieve the dream of homeownership. Learn more about our Home Ready Loans.
Home Affordable Refinance Program (HARP)
If you have little or no equity, or owe more than your home is worth, HARP helps homeowners refinance your mortgage, even if you’ve had difficulty refinancing in the past. Learn more about our HARP options.
Homeowners 62 years and older, can borrow money based on the value of your home. A Reverse Mortgage can pay off your existing mortgage, leaving you with more money each month to use however you like. Learn more about our Reverse Mortgages.
At Nutter, we offer a variety of mortgage programs to suit each homeowner’s specific needs. In choosing which type of mortgage is best for you, one the most important features to consider is the type of interest rate that will be used – a fixed rate or an adjustable rate. Learn more about mortgage rates.
Just as it implies, a fixed rate will stay the same for the life of your loan, which means your month-to-month mortgage payment will be consistent.
Adjustable Rate Mortgages (ARMs) are rates that will remain the same for a period of 1, 3, 5, 7, or 10 years, depending on which ARM option you choose. Then, your rate “adjusts” up or down each year thereafter based on market conditions.