Home Loans

Buying a home is one the biggest financial decision you will make in your lifetime.

Whether you are a first home buyer, purchasing an investment property or a vacation home; we can help!!! At Kiel Mortgage we can walk you through the process, in order to make your dreams come true and secure your home loan.

A few of the most important factors to consider when purchasing a new home is how much you qualify for, how much money you will put down and how much your monthly payment will be.

Your loan officer will work closely with you. Together these important questions can be answered as we assist you in your decision of which type of loan program will meet your goals and help you achieve your dreams.

Mortgage Loan for Purchasing

Fixed-Rate Loans

A mortgage for which the interest rate will remain the same throughout the entire term.

Adjustable-Rate Mortgage.

Also known as an ARM. This is a mortgage in which the interest rate is adjusted periodically based on a pre-selected index. An ARM often has lower monthly payments, and it also has a ceiling above which payments can not exceed.

Interest-Only Loans.

This type of loan is most popular with homeowners who have homes that are appreciating in value and who want the lowest payment possible. Qualified borrowers make interest-only payments with the choice to make higher payments in order to reduce the principal.

Jumbo Loans.

These are larger mortgage loan amounts and generally require bigger down payment and more strenuous credit requirements.