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Loan Options

Determining the right mortgage option is a huge financial decision - and it can quickly become overwhelming. Our goal is to take the guesswork, frustration and head banging out of the process. We don't talk at you - instead, we partner with you to determine your best lending options.

Learn how the HARP program can stabilize your mortgage.

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Home Refinancing

Whatever your refinancing need may be, we have an option that is right for you.

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Home Purchases

We make the purchase of your first home as stress-free and enjoyable as possible.

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Fixed Rate Mortgage Loan

Fixed rate mortgages are ideal for borrowers that want the security of a fixed payment over the life of a loan. That means that the interest rate remains the same for the entire duration of the loan. A fixed rate mortgage gives protection from future fluctuations in the market. It is the best option for people who plan on staying in their home for longer than five to seven years.

Neighborhood Lender, Inc. offers fixed mortgages in the following durations: 10-year fixed, 15-year fixed, 20-year fixed, 25-year fixed, and 30-year fixed. With all fixed mortgages, the loan will be paid in full when the term of the loan comes to an end.


  • Protection from future fluctuations in the market
  • Pay off your home in a shortened period of time
  • Great for first time homebuyers
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Adjustable Rate Mortgage Loan (ARM)

Adjustable Rate Mortgages (ARM) are home loans that are fixed for a shorter period of time. They carry a lower initial payment. The initial interest rate — typically five to seven years — can adjust after the initial fixed term. Any adjustments are based on a financial index, such as the Treasury Bill or the London Interbank Offering Rate (LIBOR).

An ARM home loan is ideal for borrowers who do not plan on staying in their homes long-term and want a lower monthly payment. ARM loans can help buyers qualify for other homes, and the interest rate can potentially decrease after the initial fixed period.


  • Lower monthly payment
  • Qualify for more home
  • Interest rate can decrease after the initial fixed period
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Federal Housing Administration Loan (FHA)

A Federal Housing Administration (FHA) loan is backed by the Federal Housing Administration, and is the preferred loan for first-time homebuyers. FHA loans have more lenient underwriting guidelines, plus they can be offered to those who have credit scores as low as 600. These types of loans can accept down payments as low as 3.5%, and they allow for borrowed down payments.

Neighborhood Lender offers FHA loans in 15-year fixed, 20-year fixed, 30-year fixed, and 3-5 year Adjustable Rate Mortgages (ARMs).


  • More lenient underwriting guidelines
  • Accept credit scores as low as 600
  • Low down payment requirements
  • Preferred loan for first-time homebuyers
  • Streamlined financing available with no appraisal
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Veterans Loan (VA)

Veterans Loans (VA) were created in 1944 and allow military homebuyers to borrow at low rates with no down payment and no monthly mortgage insurance. VA home loans are offered to eligible, active-duty military, National Guard, veterans, their spouses, and their surviving spouses.

VA home loans are safe, secure loans that offer Veterans flexible lending options with low rates, low costs, and no appraisal. VA loans can be offered to Veterans with credit scores as low as 600, and give the homebuyer the opportunity to borrow 103.5% of the home value.

Veterans also have the option to choose a streamlined loan called the VA Interest Rate Reduction Refinance Loan (VA IRRRL), which doesn’t require an appraisal or income documentation.


  • Lenient underwriting requirements
  • Accept credit scores as low as 600
  • Safe, secure loans with flexible lending options
  • Cash out up to 100%
  • No Appraisal required on VA IRRRL Streamline
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Jumbo Loans

Jumbo mortgages are home loans that exceed the maximum loan amount offered by Fannie Mae and Freddie Mac. Jumbo mortgages cover any loan that exceeds $417,000, but can vary in certain “high cost” areas as determined by Fannie Mae and Freddie Mac.

Jumbo loans allow interest-only options so borrowers can quickly build equity. They are offered on refinances and home purchases, and are ideal for those purchasing a vacation home. Jumbo mortgages will allow qualified borrowers to finance a loan amount as high as $3 million.


  • Borrow in excess of conforming loan limits
  • Allow interest-only options to more quickly build equity
  • Great for vacation homes
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Be Prepared

See our step-by-step guide, and loan checklist to help you through the process.