Quickly tap into our robust knowledgebase, learn about mortgage programs and best practices, and stay up to date with the latest mortgage news.
FAQ
Fixed Rate FAQs
For many prospective homebuyers, selecting a mortgage loan is as important as finding a property to purchase. A fixed rate mortgage loan is a type of mortgage loan in which the borrower is locked in to a defined interest rate over the lifetime of the loan.
Jumbo loans are also known as jumbo mortgages. Jumbo loans can be used as purchase loans, refinance loans or cash-out refinance loans. Eligible borrowers can apply for a jumbo mortgage with either a fixed or adjustable rate term.
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Conventional Home Loans Guide
If you’re able to meet the down payment, income and credit requirements, conventional loans typically offer more flexibility and a wider array of loan programs and terms.
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USDA
Sponsored by the U.S. Department of Agriculture, a USDA loan is a mortgage that offers benefits for those wishing to purchase a home in an eligible rural or suburban area.
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FHA Loans
Sponsored by the U.S. Department of Housing and Urban Development (HUD), FHA loans are government-backed home loans distributed by private lenders like Mutual of Omaha Mortgage. FHA Loans are a great financing option for first-time home buyers who may have less than perfect credit history or have smaller down payment goals
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Loan Process
We know that for many, the mortgage loan process can be overwhelming and confusing. Don’t worry! With the right information, preparation and an expert loan officer, the loan process can be quite easy and straightforward.
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Mortgage Types
When it comes to finding the right mortgage loan type and term for your new home purchase or refinance, the number of options available can be overwhelming. In this article, we’ll compare the different mortgage types and mortgage terms that you might come across as you look for a new home loan.
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ARM
One key decision that you’ll need to make during the mortgage process is whether you’ll purchase your home with a fixed rate or adjustable rate mortgage (ARM). Each has pros and cons that should be considered during the decision-making process.
FAQ
USDA FAQs
USDA loans are federally insured and can be compounded with USDA-sponsored grants which are backed by the U.S. Department of Agriculture. USDA loans are designed to provide homeownership opportunities to low- and moderate-income Americans living in rural areas.
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Low Mortgage Rates Refinance
As mortgage rates tumble, you may be contemplating a refinance. Mortgage rate drops haven’t been this low since 2016 and may indicate that now is a great time to refinance your current home loan.
