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| Conventional Fixed-Rate Loans, 30 years term |
| Conventional Fixed-Rate Loans, 20 years term |
| Conventional Fixed-Rate Loans, 15 year term. |
| Conventional 5/1 Adjustable Rate Loans |
| Conventional 3/1 Adjustable Rate Loan |
| Jumbo Conventional Loans |
| Construction Financing |
| FHA, VA, State Housing Programs and USDA Rural Development Loan options |
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Conventional Fixed-Rate Loans, 30 years term
Rates are based on $100,000 loan amount for 40 day lock-in. Loans under $100,000 priced slightly higher.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.625% | 2% | 4.979% | | 4.75% | 1% | 5.016% | | 5% | 0% | 5.178% |
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Conventional Fixed-Rate Loans, 20 years term
Term: 20 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.5% | 2% | 4.983% | | 4.75% | 1% | 5.113% | | 4.875% | 0% | 5.116% |
| | Rates are based on $100,000 loan amount for 40 day lock-in. Loans under $100,000 priced slightly higher. |
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Conventional Fixed-Rate Loans, 15 year term.
Term: 15 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4% | 2% | 4.608% | | 4.25% | 1% | 4.706% | | 4.375% | 0% | 4.678% |
| | Rates are based on $100,000 loan amount for 40 day lock-in. Loans under $100,000 priced slightly higher. |
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Conventional 5/1 Adjustable Rate Loans
An adjustable rate mortgage (often called an "ARM") is also a conventional loan, but one that offers an initial interest rate and monthly payment that are "fixed" for a short period of time (such as 3 to 5 years).
The advantage to the borrower is that the initial rate is usually lower than a fixed rate mortgage. The monthly payment will be lower. However, as market conditions change, the rate, and therefore the monthly payment, can increase. (There are specific limits that vary from loan to loan.)
Term: 30 years
Maximum Amount: $417,000
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| | | Call for rates.
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Conventional 3/1 Adjustable Rate Loan
An adjustable rate mortgage (often called an "ARM") is also a conventional loan, but one that offers an initial interest rate and monthly payment that are "fixed" for a short period of time (such as 3 to 5 years).
The advantage to the borrower is that the initial rate is usually lower than a fixed rate mortgage. The monthly payment will be lower. However, as market conditions change, the rate, and therefore the monthly payment, can increase. (There are specific limits that vary from loan to loan.)
Term: 30 years
Maximum Amount: $417,000
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| | | Call for rates.
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Jumbo Conventional Loans
A "Jumbo Loan" is any mortgage over $417,000. Special rates and terms apply to these loans compared to conventional loans under this dollar amount. Like conventional financing, Jumbos can be either fixed rate or adjustable. Call us for more details.
Term: 30 years
Maximum Amount: $99,999,999
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| | | Call for rates.
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Construction Financing
A construction loan is a short-term, adjustable rate loan used during the construction of a building or home, usually six to twelve months. Funds are disbursed in stages, according to completed phases of the building project. The benefit to choosing and closing on a construction loan, then entering into a permanent mortgage loan after construction, is that you pay interest only on the amount of money drawn out during construction. We also offer combination construction/permanent loans, which feature one closing for land, construction and the permanent home loan, as opposed to two separate closings. Please call us for more information or to get started building your dream home today!
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| | | Call for rates.
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FHA, VA, State Housing Programs and USDA Rural Development Loan options
These are government -back or sponsored loan programs that typically are excellent for first-time home buyers because they require lower down payments, may offer down payment assistance, and are more tolerant of spotty credit histories.
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| | | Call for rates and 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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