Loan Options

How to Get Find the Best Home Loan for You

Securing a loan can be difficult, especially if you don't know where to start or which lender is right for you.

Applying for a loan can feel like a daunting task. You have to gather all your documents, compare interest rates, and then go through the application process.

B&C Home Loans is here to help. We are experts in finding the best loan for your situation. Whether you're looking for a mortgage, home equity loan, or refinance, we can help. We'll work with you to find the best interest rate and terms that fit your budget. Learn more about different loan options below or call us at 612-548-1250.

Types of Loans

  • Fixed-Rate

    A fixed-rate loan is a loan in which the interest rate remains fixed for the entire term of the loan. This means you will pay the exact thing each month. 

  • FHA Home Loans

    FHA Home Loans are mortgages insured by the Federal Housing Administration (FHA), and they require a lower down payment than conventional mortgages. FHA Home Loans also have other benefits, such as:

    - Lower interest rates

    - More flexible credit requirements

    - Reduced closing costs

  • VA Home Loans

    VA Home Loans are government-backed mortgages available to veterans, active-duty service members, reservists, and certain surviving spouses.

  • Rehab Loans

    Rehab loans are a type of financing that can be used to purchase and renovate a property. Most rehab loans are short-term loans with high-interest rates.

  • USDA Loans

    USDA Loans are available to borrowers who are looking to purchase a home in a rural or suburban area. USDA Loans are attractive because they offer low-interest rates and do not require a down payment. In addition, USDA Loans do not have monthly mortgage insurance premiums, which can save borrowers thousands of dollars over the life of the loan.

  • Jumbo Home Loans

    Jumbo home loans are mortgages that are used to finance properties that are considered to be high-end or luxury homes. Jumbo loans usually have higher interest rates than conventional mortgages, and they often require a larger down payment.

  • Low-Down Payment Options

    Low-down payment loan options are popular as the cost of housing continues to rise. These loans offer a way to purchase a home without having to come up with a large down payment.

  • Investment Property Loans

    Investment property loans are a type of financing that can be used to purchase or refinance an investment property. Investment properties are typically single-family homes, multi-family homes, or mixed-use buildings that are leased out to generate income. Investment property loans typically have higher interest rates.

  • Refinance

    Refinancing is the process of taking out a new loan to pay off an existing loan. Refinancing can be used to take advantage of lower interest rates, change the terms of the loan, or consolidate multiple loans into one.

  • Construction Loans

    Construction loans are special types of loans that are used to finance the construction of a new home or other types of building. Construction loans typically have shorter terms than other types of loans, and they can be either secured or unsecured.

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