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Mortgage Loan Products

Right By You Mortgage offers a variety of mortgages to meet your needs. To learn more about any of the mortgage solutions below, contact a local loan officer or call 1-877-552-2242.

Purchasing a Home

Buying a home is a life-changing event. With the Right By You Mortgage team, you get the knowledge you need to move through the process with confidence. Right By You Mortgage offers the following types of loans for home purchase:

30-YEAR FIXED MORTGAGES

This type of mortgage allows you to look forward to consistent payments for 30 years. This can provide you with peace of mind, protection from market movements, and it helps you to plan for a consistent budget. You may want to consider this option if you plan on staying in your home for at least five to ten years.

15-YEAR FIXED MORTGAGES

You can pay off your home twice as fast with a 15-year fixed loan. Your rate stays the same for all 15 years, which provides you with a predictable monthly payment and gives you stability in your budget as you look to pay off your loan quickly.

ADJUSTABLE-RATE MORTGAGES

This type of mortgage gives you flexibility. Its interest rate changes after a fixed amount of time. ARMs can be a great option if you plan on staying in the home for a short amount of time because it typically offers lower interest rates than fixed-rate mortgages.

JUMBO MORTGAGES

For homes that require a larger loan, we offer a variety of jumbo mortgage options. This type of loan allows you to finance a home above conforming loan limits but can include additional credit guidelines and a larger down payment. A jumbo loan can be a fixed-rate or adjustable-rate loan.

FEDERAL HOUSING ADMINISTRATION (FHA)

FHA loans typically offer flexible credit guidelines and require a lower down payment, making this type of loan a great option for first-time home buyers. FHA loans can be fixed-rate or adjustable-rate and are backed by the government’s Federal Housing Administration.

UNITED STATES DEPARTMENT OF AGRICULTURE (USDA)

This type of loan is only for homes located in an eligible rural area. A USDA loan requires no down payment and can be a great option for first-time homebuyers purchasing in a rural market.

VETERANS AFFAIRS (VA)

Eligible veterans or active duty service members can enjoy their VA benefits through this type of loan. VA loans offer less restrictive credit criteria and no down payment or no private mortgage insurance (PMI).

Sign up for our New On-Time Closing Guarantee!

With our Right By You Guarantee, you will have peace of mind in knowing your loan will close on time so that you can move into your home as scheduled! If you don’t close on time, we pay the buyer and the seller $500. Learn how you can qualify for the Right By You Guarantee.

Refinancing Your House

Refinancing can be a smart choice for many homeowners.  Benefits of refinancing include:

  • Potentially obtaining a lower interest rate on the outstanding balance of your mortgage to lower your monthly payments and/or decrease the total amount of interest you pay over the life of your loan.
  • Accessing cash through the equity you have built during the time you have owned your home. Equity is the difference between the current value of your home and the amount you still owe on your current mortgage. Many people use the equity available through refinancing to:
    • Consolidate debt
    • Make home improvements
    • Finance a college education

Right By You Mortgage offers the following loan options for refinancing your home:

30-YEAR FIXED MORTGAGES

This type of mortgage allows you to look forward to consistent payments for 30 years. This can provide you with peace of mind, offer protection from market movements, and it helps you to plan for a consistent budget. You may want to consider this option if you plan on staying in your home for at least five to ten years.

15-YEAR FIXED MORTGAGE

You can pay off your home twice as fast with a 15-year fixed loan. Your rate stays the same for all 15 years, which can provide you with predictable monthly payments and gives you stability in your budget as you look to pay off your loan quickly.

ADJUSTABLE-RATE MORTGAGES

This type of mortgage gives you flexibility. Its interest rate changes after a fixed amount of time. ARMs can be a great option if you plan on staying in the home for a short amount of time because it typically offers lower interest rates than fixed-rate mortgages.

JUMBO MORTGAGES

For homes that require a larger loan, we offer a variety of jumbo mortgage options. This type of loan will allow you to refinance a  home that is above conforming loan limits but can include additional credit guidelines and a larger equity position. A jumbo loan can be a fixed-rate or adjustable-rate loan.

FEDERAL HOUSING ADMINISTRATION (FHA)

FHA loans can be fixed-rate or adjustable-rate. FHA loans also typically offer flexible credit guidelines and allow refinancing one FHA loan with another FHA loan with minimal documentation. FHA loans can be fixed-rate or adjustable-rate. The mortgage is backed by the government’s Federal Housing Administration.

UNITED STATES DEPARTMENT OF AGRICULTURE (USDA)

This type of loan is only for homes located in an eligible rural area. A USDA loan offers 100 percent financing and expanded credit criteria. It may be a great option to consider as you’re considering refinancing options.

VETERANS AFFAIRS (VA)

Eligible veterans or active duty service members can enjoy their VA benefits through this type of loan. VA loans offer less restrictive credit criteria and options for 100 percent financing and no private mortgage insurance (PMI). If you are refinancing a VA loan to another VA loan, there may be options for reduced documentation as well.

Building a New Home

Have you found the perfect floor plan for a custom-built home? Our construction loan program1 offers solutions to make your vision a reality.

While your home is under construction, we monitor the progress and provide the funds to your builder. With a system of reliable and consistent disbursements in place, you’re more likely to see steady and efficient building progress. You only pay for interest during this phase.

Once your home is complete, you’re able to convert the loan to a permanent mortgage with competitive rates and no origination fee. Explore the flexibility and extended rate-lock options of our construction loans with one of our loan officers today.

1 two-time closing required.