Loan Programs

These are just a few of the loan programs that we offer.

Contact us for more details. We look forward to speaking with you and learning more about your financial goals.

Fixed Rate Mortgage

Plan your budget with a consistent mortgage payment at a low rate that will stay the same through the life of your loan.

Common types of fixed rate mortgages:

The 15-year mortgage

A 15-year mortgage can significantly cut down on the interest that you pay. Add to that the lower interest rates that are often available for 15-year mortgages and you could have some big savings available.

The 30-year mortgage

You will pay more in interest. Longer mortgage means more interest charged. This is how banks and other lenders make their money. They loan you, the borrower, money and collect their interest over the 15 or 30 years it takes you to pay them back.

How it Works

  • Monthly payments are based on interest rate, principal loan amount, and amortized interest over 30 years. With a Fixed Rate Mortgage, your interest rate will never change, even if market rates increase!

  • Your payment will not change throughout the life of the loan.

  • Your actual payment will vary based on your situation and the current interest rates when you apply.

  • Pay your mortgage off at any time without pre-payment penalties.

FHA Loan

An FHA loan provides a government-insured loan with flexible loan options. Even experienced homeowners may need to plan for a long time for a new home purchase. Fortunately, FHA loans may help some buyers get into the home of their dreams with a lower down payment.

What is an FHA loan?

FHA loans are mortgages backed by the U.S. Federal Housing Administration. Lenders, such as banks and credit unions, that provide FHA loans provide funding for home purchases while requiring a lower down payment. Buyers may get into a new home with as little as 3.5% down.

How FHA Loans Work

  • Purchase your home with as little as 3.5% down payment (compared to 20% required on most loans).

  • 30-, 25-, 20- and 15-year terms are all available with fixed rates.

  • 5-year adjustable rate mortgage available.

  • Pay your mortgage off at any time without pre-payment penalties.

**Tibbe & Co. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

VA Loan

As a benefit of your service, the Department of Veterans Affairs offers unique resources to help those with military experience purchase a home with a low or zero down payment. VA Loans offer flexible options as either Fixed Rate or Adjustable Rate mortgages.

VA loans are available and provide the buyer the chance to finance 100% of the purchase price of the home. This means no down payment is required. It is important to note that buyers will still need to qualify for the loan. This means that lenders will look at their credit and ability to pay the mortgage. If you are in a troubling financial position, a lender may want to see you pay down debt or save up money before they are willing to give you the loan.

How VA Loans Work

  • Purchase your home with as little as 0% down payment.

  • 30-, 25-, 20- and 15-year terms are all available with fixed rates.

  • 5-year adjustable rate mortgage available.

  • Jumbo VA loans available.

  • VA Streamline Refinance with a reduced funding fee and flexible documentation requirements – available for veterans currently in VA loans.

  • No monthly PMI (Private Mortgage Insurance).

  • VA loans are governed by the U.S. Department of Veterans Affairs.

  • Pay your mortgage off at any time without pre-payment penalties.

**Tibbe & Co. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

First Time Home Buyer

Buying your first home is a very exciting step.Tibbe & Co. loan specialists are here to guide you through every step of the loan process.

Before finding your new home, we can help you get pre-qualified for free. We can also match you with a trusted real estate agent through our partner networks. Our variety of loan options allow you to buy your first home with little money down and we will work to ensure the loan payments meet your unique needs.

First time home buyers have a lot of questions and our loan specialists are always available to provide personal attention. They can explain the application process, provide tips to use during your home search, and make sure that you find the perfect home for your needs and budget.

Popular Loan Programs for First-Time Home Buyers:

  • 30-Year Fixed Rate Mortgage

  • FHA Loan

  • VA Loan