Fixed Rate Mortgages
Jumbo, or non-conforming, mortgages have loan amounts that exceed the limits established by The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). In 2012, jumbo mortgages have a loan amount in excess of $417,000 for a one-unit property. Loan limits vary by the number of units a property has. Please refer to Conforming Fixed Rate Mortgages for a list of all conforming loan limits. Ask about the current mortgage rate refinance offers for each lender.
Balloon mortgages are typically have a 30-year term with a balloon
payment required after 15 years. The interest rate and monthly payment is typically
lower than a standard fixed rate. This is an excellent choice if you don't plan
to be in your home for a long period of time or you expect interest rates to decline
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Low/No Down Payment
Two of the largest barriers to homeownership in America are
lack of savings and a less-than-perfect credit rating. We offer affordable financing
with flexible guidelines to meet most any need.
Loans If you're looking for a great fixed rate program with little or no down
payment, an FHA or VA may be a smart choice. An FHA loan typically requires just
3% down and eligible veterans can receive 100% financing through the Veterans
Home Equity Lines of Credit offer
a more streamlined way to finance the purchase or refinance of your home. You
can use these loans and lines to access the equity you've built up in your home
to finance remodeling projects, pay for tuition or take a dream vacation
The 3/1 ARM has an initial fixed rate period
of three years. Thereafter, the interest rate and monthly payment then adjusts
every six months.
The 5/1 ARM has an initial fixed
rate period of five years. Thereafter, the interest rate and monthly payment then
adjusts every six months.
The 7/1 ARM has an initial
fixed rate period of seven years. Thereafter, the interest rate and monthly payment
then adjusts every six months.