Mortgage Options

Mortgage Options: Different Types of Mortgage Loans

Choosing the right lender is important. That's where the experience, personal service and long-term commitment of Ent's Mortgage Loan Officers can make a big difference for you.

If you're a first-time home buyer, consider additional programs that may be available to you:

First Time Home Buyer Program: A good choice if you need a lower down payment with predictable payments and you meet the income limitations.
CHFA Mortgage Assistance Program: A good choice if you meet the low- to moderate-income and resident qualifications.

Fixed

Want the same interest rate over the life of the loan.
Plan to stay in the home for several years.
Don't expect your income to increase significantly in coming years.

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Adjustable (ARM)

Want to maximize your buying power.
Want lower payments.
Plan to stay in your home or pay off your mortgage in less than 10 years.
Expect your income to significantly increase.

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Jumbo

Need a loan in excess of your county's conforming loan limit.

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FHA

Want a loan with a lower down payment requirement.
Need a loan with a lower credit score qualification.

VA

Want a loan with no down payment.
Prefer a loan with no private mortgage insurance requirement.
You are an active duty military member, veteran, reservist or National Guard member.

Standard credit qualifications apply. All loans are subject to final credit approval. Please consult your tax advisor, as interest paid on these loans usually is tax deductible. Financing on homes in Colorado. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Consult a tax adviser for further information regarding the deductibility of interest and charges.