Mortgage Options
Ready to make your move? The first step is understanding your mortgage options.
Trust Standard Bank offers a wide variety of loan programs with loan amounts up to $4 million, all designed to meet your individual needs, including:
- Fixed rate mortgages
- Adjustable rate mortgages
- First time homebuyer mortgage programs
- Mortgages to build a new home
- Special Medical Professional programs
- Special Foreign National programs
A brief comparison of loan types available:
| Mortgage Type | Advantages | Disadvantages | Down Payment |
| Conventional Fixed | Steady, fixed rate makes monthly budgeting easier | Generally higher down payment and credit score requirements |
|
| Adjustable Rate | Typically lower initial interest rate | After initial rate period, rates may fluctuate based on the current interest rate |
|
| VA | Guaranteed availability for US veterans with no mortgage insurance requirement | Loan size may be limited | No down payment required |
| USDA | Potentially lower rates with more flexible credit guidelines | Income and geographic restrictions apply | No down payment required |
| Affordable Housing | Fixed rate loan with low down payment | Available for single family home only | $500 minimum |
BORROWER'S RESOURCES
