Loan Programs Built for Real Life
Whether you're buying your first home, refinancing, or exploring new options, we have programs designed with you in mind. Our mortgage specialists work to understand your unique situation and find solutions that fit.
Families across the country have found their path to homeownership with Redwood Crest. Here's what matters most to them.
- Simple, transparent process
- Support from start to close
- Programs for every borrower
Loan Programs Tailored to Your Goals
Every homeowner's journey is different. That's why we offer a range of loan programs, each structured to serve different needs and timelines. Our team can walk you through each option to help you understand what works best for your situation.
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Fixed-Rate Mortgages
Predictable monthly payments that never change, giving you stability and peace of mind from year one through payoff. Choose your term based on your budget and goals.
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Adjustable-Rate Mortgages
Start with a lower initial rate that adjusts after your fixed period ends. This option may work well if you plan to refinance or sell within a few years.
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FHA and Government-Backed Loans
Programs designed to help borrowers with lower down payments or varied credit histories achieve homeownership. We guide you through qualification requirements.
Why Program Choice Matters
The Right Loan, Your Peace of Mind
Selecting a mortgage program isn't just about the numbers on paper. It's about choosing a structure that aligns with how you live, what you earn, and what brings you security. A loan program that works for your neighbor might create stress for you, and that's completely normal. When you work with Redwood Crest, we take time to understand your income stability, your plans for the future, and your comfort level with different payment structures. We believe homeownership should feel like progress, not pressure. That's why we explain each program option thoroughly, answer your questions completely, and help you think through scenarios. Whether you're drawn to the simplicity of fixed rates or the flexibility of adjustable terms, we make sure you understand what you're choosing and why it serves your life.
Understanding Your Loan Program Options
Stable Payments, Every Month
With a fixed-rate mortgage, your interest rate and monthly principal and interest payment remain the same for the entire life of the loan. This predictability makes budgeting easier and protects you from payment increases due to rate changes. Fixed-rate mortgages come in various terms, typically 15, 20, or 30 years. A longer term means lower monthly payments but more total interest paid over time. A shorter term builds equity faster with higher monthly payments. Many borrowers choose fixed rates for the security of knowing exactly what their payment will be, regardless of market conditions.
Lower Start, Flexible Future
An adjustable-rate mortgage features a fixed introductory period with a lower rate, followed by a period where your rate adjusts based on market conditions. This structure can work well if you plan to refinance before the adjustment period begins, or if you expect your income to increase significantly. The initial lower rate means lower payments during the fixed period, which can help with qualification or monthly cash flow. Understanding the terms of adjustment, including caps on how much your rate can increase, is important when considering this option.
Programs Designed for Broader Access
FHA loans, VA loans, and USDA loans each serve specific borrower groups with particular qualification paths and benefits. FHA loans typically require lower down payments and allow more flexibility with credit history. VA loans serve military members and their families with competitive terms. USDA loans support rural homebuyers. Each program has specific requirements and benefits designed to expand homeownership access. We help you determine which government-backed program aligns with your eligibility and goals.
Questions About Our Loan Programs
Understanding mortgage options can feel complex. We've answered the questions we hear most often from borrowers exploring their path to homeownership.
How do I know which loan program is right for me?
The right program depends on several factors unique to your situation: your down payment amount, your income stability, your timeline for staying in the home, and your comfort with different payment structures. Our specialists ask detailed questions about your circumstances and help you think through scenarios. We explain the tradeoffs of each option and point out which programs you qualify for. This conversation is free and involves no obligation.
What's the difference between a 15-year and 30-year mortgage?
A 15-year mortgage has higher monthly payments but you build equity faster and pay significantly less total interest. A 30-year mortgage spreads payments over twice as long, making monthly payments lower and budgeting easier for most households. Your choice should reflect your income, other financial obligations, and goals. Some borrowers choose a 30-year term for flexibility and switch to a 15-year term later when their financial situation improves.
Can I switch loan programs later if my situation changes?
Yes, through refinancing. If your circumstances change or interest rates shift significantly, refinancing allows you to move into a different loan program that better suits your new situation. We can discuss refinancing options with you at any point during your loan term.
How much of my income can go toward a mortgage payment?
Lenders typically look at debt-to-income ratios, which include your mortgage payment along with other debts. While specific thresholds vary by program, most lenders want to see your total monthly debt payments stay within 43 to 50 percent of your gross monthly income. We'll review your complete financial picture and explain what you can comfortably qualify for.
What closing costs should I expect?
Closing costs typically range from 2 to 5 percent of your loan amount and include appraisals, title insurance, inspections, and processing fees. The exact amount depends on your loan amount, location, and the specific program. We provide a clear estimate of closing costs early in the process and explain each component so there are no surprises at the closing table.