Which Mortgage is Right for You?
There are a number of different types of home loans available to you. It is a good idea to familiarize yourself with them. Scout Mortgage team members are also available to help you choose the best loan for your needs.
Mortgage Rate Options
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-i...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
FHA Home Loan
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
Real Estate Investment
If you're looking to purchase or refinance a investment property, we have a number of different programs with strategies designed to meet your needs and maximize the return on your investment.
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $726,200 in...