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What is the best mortgage option?

MiLend has 8 different loan options — but how do you pick the one that’s right for you? Take a look at our comparison chart below and then get in touch with one of our mortgage experts who can walk you through the process.

Easy Qualification

Flexibility

Rate Security

Low Money Down

Fixed Rate Mortgage

A popular loan option with 15, 20 and 30-year  terms. The lower the term, the lower the rate.

FHA (Federal Housing Administration) Mortgage

A mortgage backed by the Federal Housing Administration makes buying a home easier –  or possible – thanks to less-rigid requirements.

VA (Veteran’s Affairs) Mortgage

Helps service members, Veterans, and eligible surviving spouses qualify for a mortgage.

Jumbo Mortgage

Low interest rates make it easier to afford loans over $424,000.

HECM (Home Equity Conversion Mortgage)

Borrow money and elimnate monthly mortgage payment if you’re 62+

ARM (Adjustable Rate Mortgage)

Has a lower interest rate than other loan options and is a great choice if you intend to stay in your home less than 5 years.


Calculators

Use our mortgage calculators to see how much you can afford, calculate mortgage payments or to consolidate your debt.