Loan Programs

What Type of Loan Program is Best for You?
There is a wide-range of Loan Programs to consider. You can rely on our helpful experts dedicated to finding the right one for you.

What is A Fixed Rate Mortgage?
The most common type of Loan Programs traditional Fixed Rate Mortgages. The monthly principal and interest payments never change during the life of the loan.

What is A Fixed Rate Mortgage with an Impound Account?
Even though you have a Fixed Rate Mortgage, your monthly payment may vary if you have an "Impound Account."

What is a FHA Loan?
A FHA Home Loan is a mortgage loan that is insured by the Federal Housing Administration (FHA) against default.

VA Loans
A VA Loan (Veterans Administration) offers qualified Veterans in all 50 U.S. states a federally guaranteed home loan that requires little to no down payment.

USDA Rural Home Loans
This is a USDA guaranteed home loan designed for rural communities with less than 20,000 people.

CalPATH
CalPATH is a program available exclusively to Mountain West Financial clients and is designed to benefit those that serve our local communities.

FHA Streamline Refinance
Lower your rate with a simple Streamline Refinance.

FHA 203(k) Streamline Loan
Purchase and Rehab up to $35,000 all in one loan.

Energy Efficient Mortgages (EEM)
It pays to be “Green” with an Energy Efficient Mortgage (EEM) because it allows FHA and VA borrowers the opportunity to finance energy conservation improvements into the home loan.

FHA-1st & CHDAP-2nd Loan
There are more reasons than ever before to piggyback a CHDAP 2nd Loan. Click to read more.

CHF Platinum Loan
Unlock the power of CHF Platinum, a 3% grant that can be added to a FHA, VA or Conventional Loan.

Interest Only Mortgages
An Interest Only Mortgage monthly payment does not include the repayment of principal for a determined period of time.

Adjustable Rate Mortgages (ARM)
Adjustable Rate Mortgages (ARM) are loans that the interest rates can vary during its term. These types of loans usually have a fixed interest rate for an initial time period and then can adjust based on current market conditions.

Conventional Loans
A Conventional Mortgage refers to any mortgage loan that is not insured or guaranteed by the Federal Government. They can be conforming and non-conforming loans.

What is a Conforming High Balance Loan?
A Conforming High Balance loan offers program flexibility and attractive pricing to the homebuyer for amounts above the conforming limit of $417,000.

What is a True Jumbo Loan?
A True Jumbo Loan is above the maximum loan amounts established by Fannie Mae and Freddie Mac.

What is a HomePath Loan?
HomePath is a loan program created by Fannie Mae that offers foreclosed homes directly to qualified borrowers.

What is DU Refi Plus?
DU Refi Plus is a streamlined loan program for Fannie Mae borrowers that can make refinancing easier, and faster.

What is Open Access?
Freddie Mac Open Access helps borrowers who make timely mortgage payments, but are unable to refinance due to declining property values refinance.

What is Mortgage Credit Certificate (MCC)?
MCC is designed for qualified homebuyers to claim a tax credit for a portion of the mortgage interest paid annually.

What is Combo HELOC?
Combo HELOC is a Combo Home Equity Line of Credit which is an open-ended line of credit that can be used for whatever the borrower chooses: