Types of Mortgages

Fixed-rate Tampa Mortgage

Most widely utilized in the past, fixed rate loans may offer a borrower 10, 15, 20, 30, 40 or even a 50 year fixed-rate mortgage. Generally a fully amortized loan, borrower’s do not have to worry about their payment increasing over time.

FHA Tampa Mortgage

A popular loan type for first-time home buyers, an FHA loan is insured by the government and requires a nominal down payment. Credit scores are generally not an issue, making this loan accessible to most.

VA Tampa Mortgage

A well-deserved mortgage loan available to our U.S Armed Services, a VA loan does not require a down payment from the borrower. This loan type is provided by a conventional bank, but it is guaranteed by the Veterans Administration.

Tampa Interest-Only Mortgage

An interest-only loan requires that the borrower pay at minimum, the interest portion of the loan on a monthly basis. Most interest-only loans will require payment of the principal balance at a specified date.

Tampa Option ARM Mortgage

Adjustable-rate loans will offer differing payment options for a specified amount of time. This type of loan could lead to negative amortization.

Tampa Combo Mortgage

Generally utilized for a 100% financing, this loan type includes two distinct mortgages. The first and second mortgage are then pooled together to fund a particular project or loan.

Tampa Adjustable-Rate Mortgage

This type of loan offers borrowers monthly payments which could fluctuate on a monthly or any other specified length of time.

Tampa Mortgage Buydowns

Those who wish to have a lower Tampa mortgage interest rate, may pay a specified amount of points to lower their loan’s interest rate.

Tampa Bridge Loans

This loan is utilized by seller’s whom are currently selling their property and would like to use the equity towards the purchase of a new home.

Tampa Home Equity Lines

This type of loan is utilized by homeowners who wish to use their property’s equity for debt consolidation, investments or something else.

Tampa Reverse Mortgage

Available to seniors over the age of 62, this type of loan involves payments to the homeowner rather than the lender.

Rick Durand, Lic. Mortgage Broker
Blue Sky Home Solutions
907 North Parsons Ave, Brandon FL 33510
Direct: (813) 695-3077
Fax: (813) 265-1311



This is not an offer to make a loan or to make a loan on any particular financing terms. All home loan applicants must submit a written application and all necessary documentation. All information submitted by home loan applicants is subject to verification. All home loan applicants must qualify under certain underwriting requirements and satisfy all contingencies of home loan approval. Home loan approval may be subject to satisfactory property appraisal, title review and no change in financial condition. Some home loan programs may not be available in all jurisdictions.