Loan Products
Which loan product is best for you?
Adjustable or fixed rate? Conventional or FHA? Conforming or Jumbo? Below are the basic differences between the loan products we offer. This is not an exhaustive list of options to determine the best fit for you. Call us at (512) 916-9955 and we will guide you through the decision process.
Fixed Rate Mortgage
Long term peace of mind
With a fixed rate mortgage, your monthly principal and interest payment will not change throughout the life of the loan. Your principal and interest payment is based on your interest rate, principal loan amount, and the loan term (for example, 15-year or 30-year term). We offer flexible fixed loan terms including 10, 15, 20, 25, or 30 year terms. You may pay your mortgage down or pay it off at any time without pre-payment penalty. Choose this option if:
- you plan to stay in your home long term
- you prefer a consistent mortgage payment for budget planning
- you want peace of mind knowing your principal and interest payment will not change
Shorter term loans, such as a 15-year loan, have added benefits:
- lower interest rate
- you will pay off your mortgage faster
- you will pay less total interest over the course of your loan
Adjustable Rate Mortgage (ARM)
The lowest interest rate
With an adjustable rate mortgage (ARM), the interest rate is fixed for an initial period of 3, 5, 7 or 10 years. After the fixed-rate period, your interest rate will adjust periodically to reflect the change in the bank rate index. You can pay down or pay off your mortgage at any time without prepayment penalties. Choose this option if:
- you plan to move or refinance in the next 3, 5, 7 or 10 years
- you want the lowest mortgage rate available
- you want to significantly reduce the cost of your mortgage
Government Loans
Easier qualification and low or no down payment
Loans backed by a government guarantee, such as FHA, VA or USDA, typically have less stringent qualification and credit requirements and require a lower down payment. In addition to typical closing costs, government loans include an additional cost:
- FHA loans include an upfront as well as monthly mortgage insurance
- VA loans include an upfront VA funding fee (you may be exempt, call us to find out!)
- USDA loans include a guarantee fee
Jumbo Loans
Borrow more with no hassle
Jumbo loans are loans with loan amounts that exceed the conforming loan limit of $806,500 in 2025. They are available with adjustable or fixed loan terms for loan amounts up to $3 million, for both purchase and refinance.
If you are a veteran, ask us about our VA Jumbo loans.
Investor Loans
Your path to passive income
A Debt Service Coverage Ratio or DSCR loan enables you to qualify based on the cash flow of your investment property. The DSCR ratio is calculated using the lease income compared to the full property housing payment. A DSCR loan offers these great benefits:
- You may close the loan in the name of your company, for example an LLC, a partnership or a corporation
- Your personal income or employment does not need to be analyzed
- Financial reserves are required for the subject property only (unlike a conventional loan, there is no reserve requirement for any additional properties you own)
These loans are a great way to build your portfolio of income producing properties. They are easier to qualify for than a conventional loan and require less reserves.
Reverse Mortgage Loans
Limited credit and income qualifying, monthly mortgage payments not required
Reverse mortgage is a loan for borrowers who are at least 62 years of age and who plan to remain in their primary residence and wish to access their home equity without having to make monthly mortgage payments.
A reverse mortgage may also be used to purchase a primary residence. Regardless of how long they live in the home or what happens to their home’s value, the borrower only makes one, initial investment (down payment) towards their home purchase.
With a reverse mortgage, there are limited qualifying requirements for borrower's credit and income. The mortgage payments are not required. The borrower is only responsible for their property taxes, homeowners insurance, HOA dues and home repair and maintenance.
Choose this option if:
- you and your spouse are both at least 62
- you want remain in your home and not be required to make monthly mortgage payment
- you want an open line of credit that you can access in case of need