Loan programs

Eight loan programs, explained in plain language.

Compare purchase and refinance loans side by side. Each program page lists who it is for, typical terms and an example minimum down payment, with the planner set to that program.

A modest craftsman-style family home with a covered front porch, wooden steps and a small lawn on an overcast morning, trees in soft focus behind.

30-year fixed

A principal and interest payment that stays the same for all 30 years, which keeps budgeting simple.

See program details →

A sunlit home entryway with a wooden bench, a folded linen coat, a potted fern and the front door slightly ajar letting in cool morning light.

15-year fixed

Pay the loan off in half the time. The monthly payment is higher and the balance falls faster.

See program details →

A Middle Eastern man in his thirties works at a tidy desk in a home office at dusk, a laptop with its screen turned away from the camera.

5/6 adjustable-rate

A fixed rate for the first five years, then a rate that can adjust every six months.

See program details →

A row of modern brick and timber townhouses along a quiet tree-lined sidewalk on an overcast morning, small front gardens.

Jumbo loan

Financing for loan amounts above the standard conforming limit for your county.

See program details →

An East Asian woman and a white man, both in their late twenties, sit on the bare oak floor of a sunlit.

First-time buyer

A purchase loan with a smaller down payment and plain-language guidance at every step.

See program details →

A Latina woman in her forties wearing a navy blazer sits across a light wood desk from a white-haired older man.

Government-backed loans

Loans insured or backed by a government agency, with more flexible down payment and credit guidelines.

See program details →

An Indian couple in their mid-sixties sit at a dining table with cups of tea and a tablet that faces away from the camera, talking calmly.

Rate-and-term refinance

Replace your current loan with a new rate, a new term, or both, without taking cash out.

See program details →

Over-the-shoulder view of a woman in her thirties signing a document at a long light wood table in a bright conference room.

Cash-out refinance

Replace your loan with a larger one and receive the difference as cash, using some of your home equity.

See program details →

How to choose

Start with what matters most to you

There is no single best loan. These are the questions that usually point toward one program or another.

I want a steady payment

A fixed-rate loan keeps principal and interest the same. The 30-year fixed spreads it over the longest time.

I want to own sooner

A 15-year fixed loan raises the monthly payment and lowers total interest compared with a longer term.

I may move within a few years

An adjustable-rate loan can start with a fixed period. Read the adjustment limits before you compare.

I am buying my first home

The first-time buyer program pairs a smaller down payment with step-by-step guidance.

Not sure which fits?

Talk it through with a loan officer

Bring your budget, your timeline and your questions. A loan officer will explain the trade-offs and what each option would ask of you. A pre-approval is not a commitment to lend.

Meet the loan officers

Start pre-approval