Fixed Rate Loans

For a list of features on any of these loans, just click the name of the loan program.

Loan Program Reason to Choose It Key Feature Basic 30/25/20/15/10-Year Fixed Rate Loans You want the stability of a fixed principal/interest payment over the life of the loan. Down payments as low as 5%. Reduced Rate Option You plan to stay in your home for a long time and want a lower rate. Reduced rate in exchange for limits on refinancing and early principal reduction for the first 5 years. No Down Payment Loans You don't have cash for a down payment or want to avoid upfront costs. Two different programs to choose from; in some cases allows for financing of closing costs. Low Down Payment Programs You want to put down just 3% or 5%. No maximum income/earning restrictions and loan amounts up to $417,000. Low Documentation You have excellent credit and want to avoid paperwork.* Very little paperwork; as little as a 5% down payment. One Time Close Loans You're looking to build a home and do not want the extra cost of two closings (construction loan and permanent loan). One application, one closing and one set of closing costs. Interest rate is protected up to 12 months with a built-in Roll Down Option.

Adjustable Rate Mortgages

For a list of features on any of these loans, just click the name of the loan program.

Loan Program Reason to Choose It Key Feature Basic ARM You want to start with a low payment or want to buy more home. As little as 5% down; rate adjustments each 6 months or 1 year. Basic ARM with Reduced Rate Option You want to start with an extra low rate. Reduced rate in exchange for limits on refinancing and early principal reduction for first 5 years. Fixed Period ARM You plan to move or refinance again in a few years and want the security of a fixed rate for that period of time. Fixed rate for 3, 5, 7 or 10 years, then adjusts annually based on a financial index. Fixed Period ARM with Reduced Rate Option You want to start with an extra low rate, plus have the security of a fixed rate for a set number of years. Reduced rate in exchange for limits on refinancing and early principal reduction for first 5 years.

Loans Designed for Avoiding Traditional Private Mortgage Insurance (PMI)

For a list of features on any of these loans, just click the name of the loan program.

Loan Program Reason to Choose It Key Feature Tax Advantage Mortgage Insurance (TAMI) (Ask your tax advisor.) You have between 5% to 10% for a down payment and want to avoid paying traditional mortgage insurance. You offset the cost of traditional mortgage insurance by a higher interest rate which often provides opportunity for a tax deduction. Home Equity Line of Credit (HELOC) You have from 5% to 10% for a down payment and want to avoid paying mortgage insurance. Combines your down payment, a 1st mortgage and a 2nd mortgage (equity loan or line of credit) so you can achieve 20% down to avoid mortgage insurance.

Loans Exceeding Fannie Mae/ Freddie Mac Guidelines

For a list of features on any of these loans, just click the name of the loan program.

Loan Program Reason to Choose It Key Feature Non-conforming (Jumbo) Loans You need to borrow more than $417,000 ** Loans up to $3 million. Wide variety of program options: Reduced Documentation Loans No Ratio Test Loans No Income/No Asset Loans Expanded Exception Programs Expanded Cashout Refinances Second Homes Investment Properties Condominiums Foreign Nationals

*Excellent Credit program requirements are tougher. Examples of disqualifying factors may include:

	Late payments
	Balances on accounts too high (e.g., credit cards are all at the limit)
	Credit history too short (<2yrs)
	Too many accounts with balances

If you apply, we will order your credit report (and any co-applicants) to confirm excellent credit history and timely account payment, particularly for the past 12 months. **Restrictions apply. Program guidelines are subject to change.