Types of home loans & mortgage options

Discover the different loan options available and find the mortgage that makes the most sense for your financial situation. You can also start the process now by applying for a mortgage pre-approval.

Buy a home Start a refinance

15-year mortgage

A 15-year mortgage builds equity faster & has lower rates, but higher payments.

Possible interest savingsAffordable rates

30-year mortgage

A 30-year mortgage offers fixed monthly payments over 30 years.

First-time homeowner

Adjustable-rate mortgage

An ARM features variable rates that start lower than fixed rates & adjust periodically.

Possible interest savings

Closed-end

A closed-end second mortgage is a lump-sum loan repaid in fixed payments.

Refinance

FHA mortgage

An FHA mortgage offers lower down payments and flexible credit requirements.

First-time homeownerGovernment loanAffordable rates

HELOC

A HELOC lets homeowners borrow against their equity with flexible repayment & rates.

Use home equitySpecialty loan

Home Renovation

Home renovation loans allow you to roll the cost of upgrades into a single mortgage.

Use home equityAffordable ratesGovernment loan

How can Rate help me get a mortgage?

The team at Rate leverages several unique mortgage programs and technologies to help you get into your dream home. Learn more about available options and apply for pre-approval today!

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Rates have fallen. Move now.

Whether you’re buying a home or refinancing, there’s never been a better time to lock in a lower rate.