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| Down Payment Assistance Programs |
| Conventional Fixed Rate |
| Veterans Affairs Loan (VA) |
| FHA (Federal Housing Administration) or HUD |
| Interest Only Products |
| Jumbo Loan |
| Rural Housing Loans |
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Down Payment Assistance Programs
We have programs that will allow dowm payment assistance, so that your out of pocket expense may be reduced.
Please ask your loan officer for more information.
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Conventional Fixed Rate
The principal and interest on a fixed rate loan never changes. It can be a term of 10, 15, 20, 25 or 30 years.
Loan amounts can be 100% of the purchase price for a qualified borrower.
We also offer "Lender" paid mortgage insurance, so you don't have to pay the monthly amount!
Term: 30 years
Maximum Amount: $417,000
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Visit the following web sites to obtain more information about conventional loans:
www.fanniemae.com Federal National Mortgage Association
www.freddiemac.com Federal Home Loan Mortgage Corporation |
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Veterans Affairs Loan (VA)
This loan is backed by the Department of Veteran Affairs.
This loan can be a fixed rate with a term of 10, 15, 20, 25 or 30 years.
VA also now offers 3/1 Adjustable Rate Mortgages (ARM).
Term: 30 years
Maximum Amount: $417,000
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Loan amount can exceed $240,000 if the veteran has some down payment money available. Please call a loan specialist for details.
Visit VA's web site at:
www.va.gov |
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FHA (Federal Housing Administration) or HUD
This is a loan backed by the U.S. Department of Housing and Urban Development.
This can be a 10, 15, 20, 25 or 30 year loan. It is offered as a fixed rate and also a 3/1 ARM, a 5/1 ARM and a One Year Adjustable (ARM).
Term: 30 years
Maximum Amount: $200,160
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To learn more about FHA loans visit:
www.hud.gov
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Interest Only Products
Interest only for the monthly payment is required on this type of conventional loan.
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Jumbo Loan
These types of loans are for loan amounts that exceed the Conforming Loan limit of $417,000.
Call and shop us for rates, you will find us very competitive!
Term: 30 years
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There are a wide variety of options for Jumbo loans. Fixed rates, Adjustables and interest only options as well.
We also offer stated income and stated asset loans. |
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Rural Housing Loans
These are 100% loans. Property must be located in a rural location, and the borrower must qualify based upon their income and family size. These are determined by each county.
Please ask your loan officer for more information.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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