There are many types of home loan programs available. Whether you’re interested in purchasing a new home, refinancing your current home, or a home renovation loan, Joel Richardson can help you find the home finance options that fit your needs. He makes the home loan experience simple by providing personalized service from a team of mortgage experts and ensuring that you are empowered with knowledge from various resources.

Here are some just some of the home loan programs he can provide for you:


Conventional home loans are those not insured by a federal agency, such as the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA) or the U.S. Department of Agriculture (USDA). Conventional options come in many varieties – fixed-rate, adjustable rate mortgage (ARM), conforming, non-conforming, jumbo, etc.

Adjustable-Rate Mortgage

An adjustable-rate mortgage gives borrowers the advantage of a low introductory rate for the first few years of the home loan. These loans can help short-term homeowners beat the higher interest rates found in counterparts. ARMs can be a good option for short-term homeowners or those who can reasonably expect to have a higher income over time.

The 30-Year Fixed Rate Home Loan

The 30-year fixed rate home loan is the gold standard of the industry. It gives homeowners long-term stability with one predictable monthly payment amount over the three decades of the loan. The fixed interest rate keeps the homeowner free from the fear of rising interest rates. These loans particularly appeal to homeowners who expect to settle down in one house for a long period of time.

The 15-Year Fixed Rate Home Loan

The 15-year fixed rate home loan provides the same stability as the 30-year fixed rate option. While the 15-year option has a higher monthly payment, it builds home equity faster, and you pay less interest over the entire term.

FHA Home Loans

The Federal Housing Administration (FHA) runs several lending programs that can help homebuyers with limited credit or income, including first-timers. Government-insured FHA home loans – which come as fixed-rate or ARMs – offer affordable interest rates, a low minimum credit score and a down payment as low as 3.5 percent.

FHA “Back to Work” Home Loans

With this program, the FHA has waived time restrictions for responsible homeowners who lost their homes due to temporary job or income loss during the Great Recession. Those homeowners looking to re-enter the market can do so early if they have restored the lost job/income and rebuilt their credit history.

VA Home Loans

The Department of Veterans Affairs (VA) partially guarantees home loans for eligible past and present service members and spouses. The “guaranty” provides no down payment, reduced interest rates, coverage of costs, and no maximum amount other than what your credit and income can support.

VA Jumbo Loans

The VA guaranty only goes to the value of the federal conforming loan limit for the local area. However, eligible service members can take out a “jumbo” loan with a value higher than that dollar figure.

Jumbo Loans

Each county in the United States has a “conforming loan limit” set by the federal government. Conforming loans remain at or underneath this dollar limit. However, lenders can make so called “jumbo loans” that exceed the cap. By being able to borrow this high-dollar figure, borrowers can reduce the down payment for an expensive home.

USDA Home Loans

The U.S. Department of Agriculture (USDA) helps low and moderate income homebuyers in USDA designated rural areas – including some small towns, suburbs and exurbs. By providing up to 90% coverage, the USDA empowers eligible applicants to borrow the entire value of the loan, eliminating the need for a down payment. These 30-year fixed rate home loans require no mortgage insurance and have no limit beyond what you can pay.

Which Home Loan Program Is Right For Me?

To learn more about our home finance programs available for you, contact Joel Richardson now and get started!

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