Which Loan Works for You?

Our comprehensive offering of mortgage loan programs provide borrowers with a menu of short and long term financing solutions, including purchase, refinance and many other specialty programs. 
Please contact us for more details or if you are ready to get started, click here

Purchase Loans

A mortgage loan that permits the lender to adjust its interest rate periodically during the life of the loan on the basis of changes in a specified financial index. 

  • Available in 5-year, 7-year, and 10-year fixed-rate periods 
  • At the end of the fixed-rate period, if interest rates go up or down, your payments will also change at each scheduled adjustment date. Note: In most cases, there are "rate caps" to limit the amount your interest rate can go up or down.
  • Best for buyers who know they’ll sell within 5-10 years

A mortgage loan that is insured by the Federal Housing Administration (FHA).

  • Low down payment options
  • Low credit score requirements
  • Fixed-rate mortgages

A mortgage loan in which the interest rate does not change during the entire term of the loan.

  • A fixed-rate mortgage term is generally 15, 20 or 30 years long
  • Low down payment options
  • Variety of terms to fit your needs
  • Best if you plan to stay in you home at least 5 years

A mortgage loan that exceeds Fannie Mae's legislated mortgage amount limits of $417,000 (single family residence).

  • Also called a nonconforming loan.
  • Available in a variety of fixed-rate and adjustable-rate loan options

Rehabilitation mortgage loans are designed for houses that are damaged or in need of rehabilitation. The loan covers the cost of the property as well as the cost of home repairs. Home owners whose homes need improvement can also refinance with these loans. A vast range of repairs including but not limited to; room additions, bathroom remodels, roofing, flooring and air conditioning systems can be funded with these loans.

State Housing efficiently provides quality, affordable housing opportunities and appropriate supportive services to low- and moderate-income home buyers with low, fixed interest rates including down payment and closing cost assistance programs.
Mortgage loans vary by state. Ask your Loan Officer for more information!

A USDA mortgage loan from USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture. 

A mortgage loan that is guaranteed by the Department of Veterans Affairs (VA).

  • Available for active duty and discharged veterans.
  • Up to 100% financing
  • No monthly mortgage insurance
  • Fixed-rate mortgages

Refinance, Reverse & Seconds (HELOCS) Loans

Typically, you would refinance your remaining balance for a lower interest rate and a term you can afford. (The term is the number of years it will take to repay the loan.)

Other reasons to refinance: to replace an adjustable-rate mortgage with a fixed-rate loan, to settle a divorce or to eliminate FHA mortgage insurance.  We can help you determine if refinancing is the right decision for your financial picture.

A refinance transaction in which the new loan amount exceeds the total of the principal balance of the existing first mortgage and any secondary mortgages or liens, together with closing costs and points for the new loan. 

This excess is usually given to the borrower in cash and can often be used for debt consolidation, home improvement, or any other purpose. You are effectively borrowing against your home's equity.

FHA refinance loans and the FHA streamline refinance allow borrowers to reduce the interest rate on their current mortgages.

FHA Cash-Out Refinance

This refinancing option is especially beneficial to homeowners whose property has increased in market value since the home was purchased. A Cash Out refinance allows homeowners to refinance their existing mortgage by taking out another mortgage for more than they currently owe.

FHA Streamline Refinance

This refinancing option is considered streamlined because it allows you to reduce the interest rate on your current home loan quickly and oftentimes without an appraisal. FHA Streamlined Refinance also cuts down on the amount of paperwork that must be completed by your lender saving you valuable time and money.

The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan. By obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also refinance an adjustable rate mortgage (ARM) into a fixed rate mortgage.
An IRRRL can only be made to refinance a property on which you have already used your VA loan eligibility. It must be a VA to VA refinance, and it will reuse the entitlement you originally used.
Please contact us for more information on the facts and eligibility requirements for this type of loan.

Rehabilitation mortgage loans are designed for houses that are damaged or in need of rehabilitation. The loan covers the cost of the property as well as the cost of home repairs. Home owners whose homes need improvement can also refinance with these loans. A vast range of repairs including but not limited to; room additions, bathroom remodels, roofing, flooring and air conditioning systems can be funded with these loans.

A HELOC or Second mortgage loan, is usually in a subordinate position, that allows the borrower to obtain multiple advances of the loan proceeds at his or her own discretion, up to an amount that represents a specified percentage of the borrower's equity in their property.

Do you need extra cash for a home improvement project, consolidate debit, or take a vacation? A home equity loan or line of credit may be what you are looking for. 


We are acting as a Broker; Massachusetts Mortgage Broker MC2668 - we arrange but do not make Loans; Connecticut - MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

A reverse mortgage or home equity conversion mortgage (HECM) is a type of home loan for older homeowners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance.

Contact our dedicated Reverse Mortgage Specialist to compare your options and get answers to any questions you may have.


We are acting as a Broker for Reverse Mortgage Loans; Massachusetts Mortgage Broker MC2668 - we arrange but do not make Loans; Connecticut - MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

What people are saying


"We just wanted to let you know how satisfied we were with our experience when refinancing our mortgage. Your employees overall professionalism and straightforward manner were above and beyond what we anticipated. We always knew what was expected of us in order to close as quickly as possible, at our request. We will be sure to recommend Mortgage Network to all of our family and friends for their refinancing needs."

— Erika & Chris H.