Loan Programs

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 the loan’s lifetime.

Adjustable ARM

Adjustable Rate Mortgages (ARM)s are loans whose interest rate can vary during the loan's term. These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions.

Interest Only

Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions.

Graduated Payments

A graduated payment mortgage is a loan where the payment increases each year for a predetermined amount of time (such as 5 or 10 years), then becomes fixed for the remaining duration of the loan.

Loan Program Options

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FHA Home Loan

An FHA loan is a government-backed mortgage loan that allows you to buy a home with looser financial requirements. You may qualify for an FHA loan if you have debt or a lower credit score.

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VA Loans

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...

USDA Loans

A USDA home loan is a zero-down payment mortgage for qualifying rural homebuyers issued through the USDA loan program.

Payments

Jumbo Loans

A jumbo mortgage can provide you the larger funds traditional loans do not cover — given that you can find a lender that offers one, satisfy the requirements, and afford the higher cost.

Conventional

A conventional mortgage, often referred to as a conventional loan, is a prevalent option you'll encounter when exploring mortgage choices.

DSCR Loans

A Debt Service Coverage Ratio (DSCR) loan is a valuable tool for real estate investors seeking to expand their portfolios without the hurdles of traditional loan requirements.

Land Loans

A land loan, also known as a lot loan, is a type of financing used to purchase a piece of land. Whether you plan to build a home or use the land for commercial purposes, a land loan can help you secure the property.

Bank Statement Loans

Bank statement loans are non-qualified mortgage loans that allow you to qualify based on your bank statements rather than tax returns.

Renovation Loans

A renovation loan is a specialized financing option designed to help homeowners fund repairs, upgrades, and improvements to their property.

Down Payment Assistance

Down Payment Assistance (DPA) refers to financial aid programs designed to help homebuyers cover the upfront costs of purchasing a home, including the down payment and sometimes even closing costs.

Fix and Flip Loans

Fix and flip loans are specialized short-term loans designed for real estate investors aiming to buy properties, renovate them, and sell them for a profit.

Bridge Loans

A bridge loan is a short-term loan typically used to bridge the financial gap between the need for immediate funding and securing long-term financing.

Steadfast Mortgage Team

We offer a personalized and distinctive approach to mortgages, combining human-driven insights with technical expertise to create a perfect hybrid. Our lending solutions are designed to expedite loan processing, delivering faster results while substantially reducing costs.

Phone

Main Office: (480) 459-4500

E-mail

loans@barrettfinancial.com

Address

275 E Rivulon Blvd Suite 200
Gilbert, AZ 85297

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Contact Us

Steadfast Mortgage Team OH

8500 Station Street, Suite 300-K
Mentor, OH 44060

Phone: (843) 425-6074

jwashburn@barrettfinancial.com<br>

Steadfast Mortgage Team MI

14536 Gulley Street
Taylor, MI 48180

Phone: (216) 339-9817

nickm@barrettfinancial.com

Steadfast Mortgage Team SC

9 Caledon Court, Suite B
Greenville, SC 29615

Phone: (864) 238-8215

bhonshell@barrettfinancial.com

Barrett Financial Group, LLC

275 E Rivulon Blvd Suite 200
Gilbert, AZ 85297

Main Office: (480) 459-4500

Company NMLS: 181106

loans@barrettfinancial.com

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