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Our Loan Products


It is important that you understand the features of your loan program and that the program meets your financial needs. We can assist you in that determination.
Fixed Rate Mortgage (30, 20, 15, and 10 year fixed)
We offer to our borrowers the choice of 30, 20, 15, and 10 year fixed rate mortgages. These loan programs have the same interest rate for the life of the loan and monthly payments (principal and interest) that never change. If you escrow your property taxes and insurance, those expenses can change, which will affect your monthly payments. A fixed rate mortgage may be a good choice if you plan to stay in your home for a long time or if you feel more comfortable knowing that your principal and interest payments cannot change.
Our company also provides an interest-only option for the 30 year fixed product, allowing you to pay interest only in the first 10 years and fully amortize the loan over the remaining 20 years. This option will be more costly as you are paying interest on the total loan amount for the first 10 years. Additionally, if you have mortgage insurance, you will pay mortgage insurance for a longer period of time. Finally, during the first 10 years the principal balance will not be reduced unless you pay more than the interest only payment.
The 20, 15, and 10 year fixed rate mortgages are fully amortized over a specified time period and feature constant monthly payments. They offer all the advantages of the 30 year loan, plus a lower interest rate — and you'll own your home faster and pay less interest than with a 30 year mortgage. But note that with these shorter loan terms, you commit to a higher monthly payment.
Adjustable Rate Mortgages (ARMs) (5/1, 7/1, and 10/1 ARM Programs)
An ARM is a mortgage in which the interest rate and payments are adjusted periodically based on a pre-selected index. Subject to certain limitations, the rate and payments on an ARM loan rise and fall with the market.
Our 5/1, 7/1, and 10/1 ARMs allow you to pay a lower introductory interest rate than many fixed rate mortgages offer. Your interest rate and payment are fixed for the initial fixed rate period of 5, 7, or 10 years, depending on the program you select. After the initial fixed period, your interest rate and payment will follow the movement of the index up and down, within certain limits. Our ARMs are among our most popular loans because they help you qualify for a larger home, there is no negative amortization, and your loan may be assumable after the fixed rate period of the loan. An interest-only feature is available for these products. It is important to note that with an ARM, you may have a substantial increase in payment after the fixed-rate period and the interest rate over the life of the loan can typically increase five to six percentage points above the initial interest rate.
Jumbo (Non-conforming loans)
Jumbo loans are defined as loan amounts that exceed the loan limits set by Fannie Mae and Freddie Mac. In the Northern Virginia, DC, and in some Maryland counties, jumbo loans can range from $625,501 to $2,000,000. These loans typically carry a higher interest rate than loan amounts at or below $625,500.  Jumbo loans can be 30 and 15 year fixed as well as 5/1, 7/1, and 10/1 year ARMs.
FHA Loans
We offer residential mortgage loans insured by the Federal Housing Administration (FHA). FHA-insured loans offer several benefits, including smaller down payments, easier qualification, and more protection to keep your home. The maximum FHA loan amount is $729,750 and you are not required to be a first time home buyer in order to qualify for this program.


VA Loans
The VA loan program can make it much easier for veterans to secure a home loan by requiring little or no down payment. This home loan is available to veterans and is guaranteed by the Veterans Benefits Administration, a part of the US Department of Veterans Affairs. In addition, with a VA-guaranteed loan, there is no private mortgage insurance requirement.
VHDA (Virginia Housing Development Authority)
Under this program, if the home buyer is able to meet certain credit score requirements, no out-of-pocket cash down payment is required to obtain the loan. The down payment and closing costs are funded by a second mortgage, which, in addition to the VHDA's FHA-insured first mortgage, is made available to the home buyer. Both the first and second mortgages obtained under the VHDA program are fixed rate loans with a 30 year term.

News and Updates



3201 Jermantown Road

Suite 800

Fairfax, VA  22030




Rob McElroy


Liz McElroy-Filan



“Our commitment to excellence in mortgage lending spans decades in the Washington, D.C. metro area. Because of our vast experience in mortgage lending, we are able to put you at ease throughout the entire mortgage process from the very beginning of your search for a home, through the simple, streamlined process of obtaining the mortgage, and on into any specialized banking services you may require to accompany the largest purchase of your life.”



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