We have access to dozens of different loan programs. If you’re interested in something not described here, just let us know and we’ll try to get the details.

Mortgage programs and services.

Traditional loans

Purchase loans

Whether you are interested in a conventional loan, government loan, jumbo loan, or other home financing option, our friendly consultants will help you find the best solution for your future.

Refinance loans

Mortgage interest rates are constantly changing. Give us a call to find out how refinancing your mortgage can help you save money over the life of your loan by lowering your interest rate, or reducing your loan terms.

Learn more: Refinancing Myths

Conventional loans

Conventional loans are often confused with conforming loans but, although the two types overlap, they are not the same. A conventional home loan is a mortgage that is not insured or guaranteed by the government (such as FHA or VA loans). In short, while all conforming loans are conventional, not all conventional loans qualify as conforming.

Conforming loans

A conforming loan is a mortgage that is equal to or less than the dollar amount established by the limit set by the Federal Housing Finance Agency (FHFA) and meets the funding criteria of Freddie Mac and Fannie Mae. For borrowers with excellent credit, conforming loans are advantageous due to the low-interest rates affixed to them.

Fixed rate mortgages

A fixed-rate mortgage (FRM) is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or “float.” As a result, payment amounts and the duration of the loan are fixed.

Adjustable rate mortgages

An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan. With an adjustable-rate mortgage, the initial interest rate is fixed for a period of time. After that, the interest rate resets periodically, at yearly or even monthly intervals.

Great company to work with. They are knowledgeable, professional, trustworthy, and respond quickly to answer any of your questions.

Alicia Brewton
Quincy, California

Government loans

FHA loans

Federal Housing Administration (FHA) loans are insured by the U.S. Government through the U.S. Department of Housing and Urban Development, also called HUD. FHA loans offer an excellent start to first-time home buyers, with options such as a low down payment or low closing costs.

Learn more: FHA loans

FHA Section 203(h) program

The Section 203(h) program allows the Federal Housing Administration (FHA) to insure mortgages made by qualified lenders to victims of a major disaster who have lost their homes and are in the process of rebuilding or buying another home.

Learn more: FHA Section 203(h)

USDA loans

The United States Department of Agriculture (USDA) Rural Development program helps lenders work with low and moderate income families living in eligible rural areas to make homeownership a reality.

Learn more: USDA loans

VA loans

The Veteran’s Administration (VA) loan program is guaranteed by the U.S. Government’s Department of Veteran’s Affairs. VA loans may be available to the following individuals:

  • Honorably discharged veteran
  • Active duty service member
  • Un-remarried surviving spouse of a military service member
  • Reservist
  • National Guardsperson

Learn more: VA loans

Specialty loans

Debt consolidation loans

Cash-out refinancing can help you consolidate other debts, including vehicle loans, student loans, and credit cards.

Learn more: Consolidation loans

Manufactured homes

Finding the best loan for a manufactured home can get confusing. It’s important to know what your options are and make sure you apply for the most favorable type of financing. Never accept a loan offer before researching your choices, especially if you’re putting the home on a piece of property that you own.

Learn more: Manufactured homes

Renovation Loans

With a HomeStyle® Renovation loan, eligible home buyers and owners can renovate a home to fit their needs and personal style with just one loan that covers the mortgage and improvements.

Learn more: Renovation loans

Reverse mortgages

A reverse mortgage, also called a home equity conversion mortgage (HECM), is a loan available to homeowners, 62 years or older, that allows them to convert part of their home equity into cash. It’s called a “reverse mortgage” because instead of making monthly payments to a lender — like with a traditional mortgage — the lender makes payments to the borrower.

Learn more: Reverse mortgages

Construction loans

A construction loan is a short-term loan used to finance the building of a home or another real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding. Because they are considered relatively risky, construction loans usually have higher interest rates than traditional mortgage loans.

Learn more: Construction loans

Non-conforming loans

Mortgages that exceed the conforming loan limit are classified as nonconforming or jumbo loans. The terms and conditions of nonconforming mortgages can vary widely from lender to lender, but the interest rates and minimum down payment for jumbo loans are typically higher because they carry greater risk for a lender.

Assistance programs

CalHFA by the California Housing Finance Agency

Buy your first home with little money out-of-pocket using CalHFA’s programs and Preferred Lenders. CalHFA allows qualified homebuyers to layer other down payment assistance loans or grants to maximize affordability.

HomeReady by Fannie Mae

Offered by Fannie Mae, the HomeReady® mortgage is designed to help lenders confidently serve today’s market of creditworthy low- to moderate-income borrowers.

Home Possible by Freddie Mac

The Freddie Mac Home Possible® mortgage offers more options and credit flexibilities than ever before to help your very low-to low-income borrowers attain the dream of owning a home.

Local housing assistance programs

Paradise and Oroville, California both offer low-interest loans to qualified first-time homebuyers based on current income limits and property type. As an approved lender, Network Mortgage can assist you with either program.

Learn more: Local housing programs

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