Mortgage Services

Check out our loan line-up.

Conventional Loan Programs

Conventional Loans

A conventional loan is a mortgage loan which meets the underwriting guidelines of Federal National Mortgage Association (FNMA), known as Fannie Mae; or Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, as opposed to a government-backed loan. Generally, conventional loans require a higher down payment than government loans and are limited to a certain amount (currently $417,000).

Non-Conforming Loans (Jumbo)

A non-conforming loan, also known as a jumbo loan, is a mortgage loan which exceeds the maximum loan limits established by Fannie Mae and Freddie Mac (currently $417,000). The down payment and average interest rates on jumbo mortgages are typically higher than for conforming mortgages.

Government Loan Programs

FHA Loans

A FHA Loan is a government mortgage loan partially insured by the Federal Housing Administration, which covers lenders in most losses if a borrower defaults. FHA loans have historically allowed buyers to borrow money for the purchase of a home that they would not otherwise be able to afford. Typically, a reduced down payment of 3.5 percent is required. FHA loans are assumable for owner-occupant borrowers.

FHA 203(k) Streamline Loans

A FHA 203-K Streamline Loan helps qualified borrowers purchase or refinance a home that needs non-structural repairs, and finance the cost of those repairs, from $5,000 to $35,000, through the mortgage. It is only available for owner-occupied primary residences and a minimum down payment of 3.5 percent is required. It is a great option for buyers considering a foreclosure, short sale or other home that may be in need of a new HVAC system, roof, appliances, deck or even fresh paint.

VA Loans

A VA loan is a government mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA) and issued by qualified lenders. VA loans are made to active duty and honorably discharged veterans and their un-remarried widows or widowers. VA loans require a minimal or no down payment and offer lower interest rates.

USDA (Rural Housing Loans)

A rural housing loan is a government mortgage loan guaranteed by the U.S. Department of Agriculture (USDA), which allows 100 percent financing. The home must be located in a designated USDA area and the borrowers must have certain income limits to qualify.

NC/SC State Housing Loans

Bond loans are government mortgage loans made through state-sponsored loan programs to lower the cost of homeownership for low-to-medium income borrowers, sometimes for targeted occupations or neighborhoods.This type of loan may include State Down Payment Assistance, which varies by amount and is offered subject to income limits.