We offer several options that suit your needs. You can also view our Home Loans page at: https://www.usbank.com/home-loans.html
Government-backed loans
The government subsidizes these loans to protect lenders against defaults on payments. This makes it a lot easier for lenders to offer customers lower interest rates.
Conventional mortgages
The federal government does not insure or guarantee these types of loans. The guidelines for conventional, or conforming, mortgages are set by two organizations (below). In addition to selecting a mortgage program, the borrower will choose among fixed-rate and adjustable loan programs offered by the lender.
The purpose of these organizations are:
In addition to selecting a mortgage program, the customer will choose among fixed-rate and adjustable loan programs offered by the lender.