What is a Residential Real Estate Loan?
Residential Real Estate lending includes loans to purchase one-to-four family properties and loans to refinance the purchase of these properties.
Prosperity Bank is committed to helping you finance a new home or refinance an existing home. This could be your first home, your next home, or home to enjoy your retirement. Our loan programs are designed for every type of borrower, and our experienced loan officers are eager to work with you to find one that's made just for you.
Residential Real Estate Loans Types
Our members have access to a variety of mortgage lending options, explore what we have available for you below. In addition, refer to our Borrower's Guide and discover an in-depth analysis on the home-buying process complete with terms to know, the closing process, loan calculators and more.
| loan types |
DESCRIPTION |
Jumbo
|
10, 15, and 5/1 ARM |
conventional financing
|
10, 15, 20, and 30-year fixed loan rates |
| ADJUSTABLE RATE MORTGAGES |
An interest rate that matures with the life of the loan |
| GOVERNMENT INSURED |
FHA Loans and VA Loans |
| HOME OWNERSHIP POSSIBILITIES PROGRAM (HOPP) |
For low-to-moderate income households or individuals who are non-U.S. citizens |
| HOME EQUITY |
When you want to make improvements or finance a major milestone |
Loan Features
- Refinancing Allowed
- Owner-Occupied Financing
- Homes Equity Lines of Credit (HELOC) and Home Equity Loans
- Lot and Land
- No Private Mortgage Insurance (PMI) Requirements On HOPP Programs
- Various income and credit requirements
- Receive personalized service directly from your personal banker
SUBMIT A LOAN INQUIRY TODAY!
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