Fixed Rate Loans
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30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
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Buy a home with as little as 3% down (primary home).
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Refinance up to 95% of your primary home's value.
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Monthly payments remain the same for the entire loan term.
Adjustable Rate Loans
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3/1, 5/1, and 7/1 ARM's. Monthly payments based on a 30 year repayment schedule.
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The rate stays fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusting annually thereafter.
FHA Loans
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3.50% minimum down payment required on purchase.
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Minimum credit score usually 620.
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Post-bankruptcy qualifying - 2 years after.
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Post-foreclosure qualifying - 3 years after.
Jumbo Loans
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5/1, 7/1, 10/1 15/1 ARMS, 15 and 30 Year Fixed Rate;
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Loans up to $4M (higher by Loan Committee Approval);