Loan Programs
There are many home loan options available, and learning about them can help you make a more confident choice. At Viva Casa Mortgage, we’re here to help you find the loan that best fits your goals and needs.
Which Mortgage is Right for You?
Explore different mortgage options and learn how each one works, so you can choose the loan that best fits your budget, goals, and homeownership journey.
Mortgage Rate Options
Fixed Rate Mortgages
The traditional fixed rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan.
Adjustable Rate Mortgages (ARM)
Adjustable Rate Mortgages (ARM)s are loans whose interest rate can vary during the loan's term.
Interest Only Mortgages
A mortgage is called “Interest Only” when its monthly payment does not include the repayment of principal for a certain period of time.
Graduated Payment Mortgages
A graduated payment mortgage is a loan where the payment increases each year for a predetermined amount of time (such as 5 or 10 years),
Loan Program Options
FHA Loans
FHA loans are government-insured mortgages that may offer flexible credit and down payment requirements for qualified borrowers. They can be a popular option for first-time and repeat homebuyers.
VA Loans
VA loans offer mortgage benefits to eligible veterans, active-duty service members, and certain surviving spouses. Qualified borrowers may have access to competitive financing options, including no down payment in eligible situations.
Conventional Loans
Conventional loans are mortgages that are not insured by a government agency. They may offer flexible property and financing options for qualified borrowers purchasing or refinancing a home.
USDA Loans
A USDA loan may help eligible buyers purchase a primary home in qualifying rural or suburban areas with flexible financing options.
Jumbo Loans
Jumbo loans are designed for mortgage amounts that exceed applicable conforming loan limits. They may be used to finance higher-value properties and generally require stronger borrower qualifications.
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