Products
 

Conforming Fixed-Rate Mortgages


  1. 30-Year Term – Our most popular loan that requires a 5% down payment. The interest rate is fixed, and will not change during the 30 years. High balance loans (over $417,000) are also available for the 30-year term.


  1. 10-Year, 15-Year and 20-Year Terms – These loans offer the same features as a traditional 30-year term, but a shorter repayment term so you can build equity or pay off your loan faster.


Conforming Adjustable-Rate Mortgages


  1. 30-Year ARMs – These loans start off with a fixed rate for the first few years, then begin adjusting up or down for the remainder of the 30-year term. The 3/1 ARM is fixed for the first three years, then adjusts annually for the remaining 27 years. The 5/1 ARM is fixed for five years, and adjusts for the remaining 25 years. The 7/1 ARM is fixed for 7 years, then adjusts for the remaining 23 years. High balance loans (over $417,000) are also available for the 5/1 ARM.


Government-Insured Mortgages (FHA and VA)


  1. 30-Year FHA – FHA is a government-insured fixed-rate loan that requires a 3.5% down payment that can be a family gift. FHA also allows the seller to contribute up to 6%.

  2. 15-Year FHA - These loans offer the same features as a traditional 30-year term, but a shorter repayment term so you can build equity or pay off your loan faster.

  3. 30-Year VA – VA is a government-insured fixed-rate loan for veterans and active-duty military personnel. These loans have a maximum 100% LTV on purchases and 90% LTV on refinances.


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