Picking which mortgage package for you can be hard to visualize so we’ve put together a mortgage product matrix so our customers can visually compare what Rancho Vista Mortgage has to offer. If you do not see a standard mortgage product listed here that does not mean we do not offer it though. Give us a ring if you have any questions.


Product Description  Consumer Benefits Product Highlights 
Fixed-Rate Mortgages 
  • Fixed monthly principal and interest payments.
  • Payments remain the same for the term of the loan.
  • This loan option is attractive to borrowers who may remain in their home for several years.


Multiple terms are available and the rate is fixed for the life of the loan. 
Adjustable-Rate Mortgages (ARM)
  • The initial mortgage interest rate may be lower than current fixed-rate loans.
  • Choose from a number of adjustable-rate loan products.
  • Borrowers who intend to remain in a property for a shorter period of time may prefer this option.


The interest rate will adjust in the future.
Government Mortgages:FHA and VA Mortgages
  • The Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) offer mortgage programs in all states.
  • Product options include both fixed-rate and adjustable- rate mortgages.
  • Features include flexible qualification guidelines for eligible borrowers.
  • These mortgages are helpful for eligible borrowers with limited funds to use as a down payment.
  • Ask about the advantages of the U.S. Bank Firstep program.


FHA and VA mortgages give eligible borrowers the opportunity to become homeowners with low or zero down payment requirements depending on the mortgage product.FHA-allowable loan maximums are set by county and state. FHA loans are insured by the federal government.Many first-time homebuyers select FHA loans because of the program’s flexibility.VA-guaranteed loan programs are available to Military Service Veterans, current active duty service men and women and their surviving spouses.

Features include:

  • No down payment
  • No mortgage insurance


Jumbo An option for consumers who wish to borrow more than the conforming loan limit of $417,000.The JUMBO mortgage products offer flexible loan terms. Financing is available for primary residences, second homes, investment properties.Primary and investment properties with 2 – 4 units are allowed.

By Randy Kosich

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