30 year Fixed - Payment fixed for Life of Loan 360 payments
20 year Fixed - Payment fixed for Life of Loan 240 payments
15 year Fixed - Payment fixed for Life of Loan 180 payments
10 year Fixed - Payment fixed for Life of Loan 120 payments
Speciality Purchase Loans
Down with Equity Boost makes it easier than ever to get into your new home. Here’s how it works: You put down 1%, Lender contributes 2% toward the down payment, giving you 3% equity at closing.
5/5 Arm - Payment fixed for 5 years 1 then adjustment.
Conventional 3%- All borrowers
All borrowers can participate
ARMS - With intrest rates on the rise and the distance the 10Yr index (30yr MTG) is shortned the 2 yr index will get lower making ARMs attractive.
5/1 Arm - Payment fixed for 5 years then adjustment.
10/1 Arm - Payment fixed for 10 years then adjustment.
7/1 Arm - Payment fixed for 7 years then adjustment.
The Benefits of a Conventional Loan Though FHA loans offer a number of benefits and advantages to buyers, there are some disadvantages to them. Though conventional loans require a larger down payment or higher equity, they can provide some strong benefits. • Reduce or eliminate Mortgage Insurance Premiums. FHA loans require MIP for the life of the loan, which can add $100 - $500 to your monthly payments. • Conventional loans often offer lower interest rates than other loans. • Higher loan limits with more predictable monthly payments.