Hermiz Landing - Logo

Loan Types

FHA Loan

The Perfect Loan for a First Time Home Buyer

FHA loans are insured by the Federal Housing Administration (FHA). This type of loan is designed to help lower-income and first-time homebuyers who may not be able to qualify for conventional mortgages. FHA loans typically require a lower down payment and have more flexible credit requirements compared to traditional mortgages.

15-Year Fixed Rate

Want to pay off your mortgage quickly?

Fixed loans feature an interest rate remains the same throughout the life of the loan meaning your monthly payment will remain constant, making it easier to budget and plan for future payments. Stability and predictability of the payments can be advantageous when you need to know exactly how much you’ll be paying each month.

20-Year Fixed Rate

Pay off your mortgage faster, but with a lower payment

Fixed loans feature an interest rate remains the same throughout the life of the loan meaning your monthly payment will remain constant, making it easier to budget and plan for future payments. Stability and predictability of the payments can be advantageous when you need to know exactly how much you’ll be paying each month.

30-Year Fixed Rate

Low payments with a great rate locked in

Fixed loans feature an interest rate remains the same throughout the life of the loan meaning your monthly payment will remain constant, making it easier to budget and plan for future payments. Stability and predictability of the payments can be advantageous when you need to know exactly how much you’ll be paying each month.

Adjustable Rate

Great for short-term needs in a low rate environment

Adjustable Rate mortgages offer lower interest rates, making them more affordable if you’re just starting out. They’re flexible in terms of repayment options and have the potential for lower payments if interest rates decrease, which can free up your cash flow.

VA Loans

Loan options offered through Veterans Affairs with preferred pricing

Thank you for your service! VA loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and are available to eligible veterans, active-duty service members, and surviving spouses. VA loans are designed to help veterans purchase, build, or improve a home and feature no down payment, no private mortgage insurance, and lower interest rates.

Jumbo Loans

Larger loans as set by the Federal Housing Finance Agency (FHFA)

Adjustable Rate mortgages offer lower interest rates, making them more affordable if you’re just starting out. They’re flexible in terms of repayment options and have the potential for lower payments if interest rates decrease, which can free up your cash flow.