AAA Realty & Lending (Mortgage Site)
Loan Programs
Which Mortgage is Right for You?
There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we’re here to help you choose the best type of home loan for your needs.
Mortgage Rate Options
Fixed Rate
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during.
Learn MoreAdjustable ARM
Adjustable-rate mortgages Typically, start with 5, 7 or 10 years fixed, then become Adjustable and your payment will go up or down depending on the loan’s introductory period, rate caps, and the index interest rate.
Learn MoreInterest Only
Interest only mortgages are home loans in which borrowers make monthly payments only toward the interest of the current balance, rather than towards the principal.
Learn MoreLoan Program Options
Conventional Loans
A Conventional loan is not is not insured or guaranteed by the government. Conventional loan is typically the best choice if you qualify for and it usually costs less.
USDA Loans
If you’re looking to buy a home in a rural or suburban area with no down payment and minimal investment, you might consider the USDA Loan
Jumbo Loans
A Jumbo loan is a mortgage used to finance properties that exceed the Conventional Loan Limits.
Reverse Mortgage
A Reverse Mortgage converts your home equity into cash and allows you to live in your house forever without making monthly mortgage payments.