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Types of Loans

To be as successful as we are, EagleBank has to remain competitive in our market place.  Our goal is to provide you with the product that best suits your needs and with the best rate possible.  We close and funds our loans...we are the lender...not simply a broker.  You can count on us being there, from application to closing!

We offer an extensive selection of loan programs to meet your needs based on credit qualifications:   

Fixed Rate Mortgage

Conventional fixed rate mortgages have a consistent interest rate for their entire term, so your payments remain the same for the life of your loan.  A fixed rate mortgage may be right for you, if you prefer to budget a specific payment amount into your monthly expenses.

A fixed rate mortgages may be right for you if you: (1) want a consistent monthly payment; (2) don't expect to relocate, refinance or move in the next few years; (3) are not sure if you'll see an income increase in the next few years.

Other terms are available, including jumbo loan financing options. 


ARM (Adjustable Rate Mortgage)

Adjustable rate mortgages offer lower initial interest rates.  After a specified period, these rates adjust annually to a new rate.   An ARM may be right for you if you want increased buying power or expect to move or see an increase in income before your mortgage adjusts.

An adjustable rate mortgage may be right for you if you: (1) want to qualify for a higher loan amount; (2) want initially lower monthly payment; (3) expect a future increase in income; (4) plan to relocate, refinance or move in the next few years. 


FHA Fixed

Federal Housing Administration (FHA) loans are offered in conjunction with the U.S. Government to help home buyers overcome many of the obstacles to owning their own homes.

An FHA loan may be right for you if you: (1) are a first-time homebuyer; (2) lack a sufficient down payment, or plan to use gift or grant monies for down payment assistance; (3) lack credit history; (4) are concerned about qualifying income.

The following property types are eligible for an FHA loan: (1) Single family homes; (2) Townhomes; (3) Condos.


FHA ARM

Federal Housing Administration (FHA) loans are offered in conjunction with the U.S. Government to help home buyers overcome many of the obstacles to owning their own homes.

An FHA loan may be right for you if you: (1) are a first-time homebuyer; (2) lack a sufficient down payment, or plan to use gift or grant monies for down payment assistance; (3) lack credit history; (4) are concerned about qualifying income.

The following property types are eligible for an FHA loan: (1) Single family homes; (2) Townhomes; (3) Condos.


VA Fixed

Veteran's Administration (VA) loans are available to qualified veterans, active duty, reserves and National Guard personnel. Loans are residential mortgages, allowing for the purchase or refinance of an owner-occupied home. We offer a variety of payment terms for VA loans.

A VA loan might be right for you if you are: (1) a retired veteran, active duty military, National Guard or reservist buying or refinancing a home; (2) would like to make a low down payment; (3) are interested in 100% financing; (4) lack credit history; (4) have income limitations.


VA ARM

Veteran's Administration (VA) loans are available to qualified veterans, active duty, reserves and National Guard personnel. Loans are residential mortgages, allowing for the purchase or refinance of an owner-occupied home. We offer a variety of payment terms for VA loans.

A VA loan might be right for you if you are: (1) a retired veteran, active duty military, National Guard or reservist buying or refinancing a home; (2) would like to make a low down payment; (3) are interested in 100% financing; (4) lack credit history; (4) have income limitations.

 

EagleBank
6010 Executive Boulevard, Suite 300, Rockville, MD  20852
Office:  (301) 738-7200
Fax:  (301) 444-4529
homeloans@eaglebankcorp.com
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