(503) 568-6899 jad@nwfgi.com

Know Your Options: Compare Loan Types


Compare home loans with this quick, at-a-glance view of your options. Get informed and make smart decisions about the type of home loan that is best for you.

Conventional Fixed Rate Loans

  • 30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
  • Buy a home with as little as 3% down (primary home).
  • Monthly payments remain the same for the entire loan term.

Adjustable Rate Loans

  • 3/1, 5/1, and 7/1 ARM’s. Monthly payments based on a 30 year repayment schedule.
  • Provides flexible lending options and loan security.
  • The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.

FHA Loans

  • 3.5% down payment required on purchase.
  • Minimum credit score usually 580.
  • Post-bankruptcy qualifying – 2 years after.
  • Post-foreclosure qualifying – 3 years after.

VA Loans

  • Competitive interest rates that are routinely lower than conventional rates.
  • Sellers can pay up to 6 percent of closing costs and concessions.
  • Higher allowable debt-to-income ratios than for many other loans.
  • 0% down payment required on purchase.

USDA Loans

  • 100% financing
  • No limit on seller contributions
  • Modular and manufactured homes may be eligible
  • Gift funds allowed to cover closing costs
  • No pre-payment penalty

Let’s Find Your Ideal Home Loan

Let’s get to know one another. Complete the form below, or just give me a call to schedule a time to talk or get together.

I’ll learn as much as I can about your current and future financial situation, goals, and aspirations. Then, I’ll guide you through the mortgage lending process and find the right mortgage for your purchase, all tailored to you.

Contact Me

Your Northwest Mortgage Broker


12411 SE 2nd Circle
Vancouver, WA 98684


(503) 568-6899



Your Northwest Mortgage Broker

As Your Northwest Mortgage Broker, I eliminate barriers to home ownership for first-time home buyers, homeowners looking to upgrade, individual property investors, and owners interested in improving their financial position by refinancing their home.


Individual NMLS # 1025363
Company NMLS # 101770



© Your Northwest Mortgage Broker, 2021