Mortgage Loan Types offered by Hedlund Mortgage LLC

Save money on your mortgage with a rate perfect for your circumstances.

Why choose a Fixed Rate Mortgage?
The biggest reason people choose a fixed rate mortgage can be summed up in one word: predictability. You can count on your rate and monthly payment to stay the same for the entire life of your loan. That makes it easier to manage your budget and it's a smart choice for those who plan on staying in their homes for five years or longer.

Why choose an Adjustable Rate Mortgage (ARM)?
An attractive choice for those who want an even better rate than a fixed rate mortgage can offer, the adjustable rate mortgage (ARM) provides homebuyers with greater savings per month. But, it features an interest rate that can fluctuate up or down. An initial rate that may be irresistible could rise (or drop) substantially and dramatically change the amount of your payments over time. However, ARMs are a worthy choice for those who do not plan on staying in their home for more than a few years.



	Conventional Mortgage These are industry standard loans, less than $417,000, that most lenders offer in a standard form. These loans are easily sold in secondary mortgage markets allowing easy processing - but more rigorous qualifying criteria. Jumbo and Super Loan For loan amounts that exceed the conventional conforming limit of $417,000, a Jumbo loan may be the solution. We can help you determine if it's right for you. We take great care with loans of any amount, but our experience really help you choose the right mortgage option in these high investment situations. FHA Loan This popular government-backed program is designed to help first time home buyers and people with moderate incomes purchase a home. The program contains a number of options such as very low down payment plans and no credit score requirements that enable more people to qualify as compared to conventional loan programs. An FHA loan program may be right for you. We would be happy to tell you more about it. Veterans Administration (VA) Loans VA loan programs are designed to help veterans and active duty military personnel purchase and retain homes in recognition of their service to the Nation. A variety of loans are offered through VA programs up to a maximum loan amount of $417,000. Our loan officers are experienced in helping veterans determine their eligibility for VA loan programs and guiding the loan approval process.

Mortgage interest rates continue to be favorable for home buyers. With a number of new government lending guidelines and increasing credit market stability, mortgage lending options are improving. Home prices are at all time lows, providing qualified first time and trade up home buyers with real opportunities to purchase the homes they have always wanted.


	303.621.2808

Call 303.621.2808 for current interest rates. Each rate quote we provide is custom & we GUARANTEE the lowest rate for your specific situation.

Rates are subject to change.

Mortgage Basics
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