Find Your Dream Home With Holloway Mortgage LLC, Residential Mortgage Experts in Louisville, KY

Conventional Mortgages

Conventional mortgages are the most common type of home loan and are not insured or guaranteed by the federal government. These loans typically require a higher credit score and a larger down payment but offer flexible terms and competitive interest rates.

FHA Loans

FHA loans are backed by the Federal Housing Administration and are designed to help first-time homebuyers and those with less-than-perfect credit qualify for a mortgage. These loans require a lower down payment and have more lenient credit requirements compared to conventional mortgages.

VA Loans

VA loans are available to eligible veterans, active-duty service members, and their spouses. These loans are guaranteed by the Department of Veterans Affairs and offer competitive interest rates and no down payment requirement, making them an attractive option for military borrowers.

USDA Loans

USDA loans, also known as rural development loans, are designed to help low-to-moderate-income borrowers purchase homes in rural areas. These loans offer 100% financing and competitive interest rates, making them an affordable option for eligible borrowers.

Jumbo Loans

Jumbo loans are mortgages that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are often used to finance high-priced homes or properties in expensive real estate markets and typically require a larger down payment and a higher credit score.

Fixed-Rate Mortgages

Fixed-rate mortgages offer predictable monthly payments and interest rates that remain unchanged for the entire term of the loan. This type of mortgage is ideal for borrowers who prefer stability and want to lock in a consistent payment amount over the life of the loan.

Adjustable-Rate Mortgages (ARMs)

Adjustable-rate mortgages have interest rates that can fluctuate over time based on market conditions. These loans typically start with a lower introductory rate, making them an attractive option for borrowers who plan to sell or refinance their home within a few years.

Interest-Only Mortgages

Interest-only mortgages allow borrowers to pay only the interest on the loan for a specified period, typically the first few years of the loan term. After the interest-only period ends, borrowers must begin paying both principal and interest, which may result in higher monthly payments.