Lisa Financial Services

A Conventional loan refers to a mortgage that is not insured or guaranteed by any government agency, such as the FHA, VA, or USDA.

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...

USDA loans are a type of government-backed mortgage designed to help eligible individuals and families purchase homes in designated rural and some suburban areas. They are also known as Rural Development loans. The program aims to promote homeownership and economic development in rural communities. 

A jumbo loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA) for a particular area. This means that the loan amount is larger than what Fannie Mae and Freddie Mac (government-sponsored enterprises that buy most U.S. home loans) are willing to purchase or guarantee. This makes them riskier for lenders.

A Home Equity Line of Credit (HELOC) is a type of revolving credit that allows homeowners to borrow against the equity in their home. It functions similarly to a credit card in that borrowers can access funds as needed, up to a predetermined credit limit, and only pay interest on the amount borrowed. Great for home improvements, debt consolidation, or unexpected expenses.