| Loan
Type |
Features |
May
be right for you if... |
|
Fixed
Rate Mortgages |
- Fixed payment for the life of the
loan
- Jumbo financing available
- Conventional 10, 15, 20 or 30 year
financing available
- 5/25 or 7/23 financing available
|
You
prefer to budget a fixed payment amount into your monthly
expenses. |
|
Adjustable
Rate Mortgages (ARMs) |
- Lower initial monthly payments for
a specified period
- Annual and life rate caps protect
you from large changes in interest rates
- Jumbo financing available
|
You
are looking to increase your buying power or have lower
initial monthly payments. |
|
Construction
to Permanent Loans |
- One loan covers the entire home building
process, from groundbreaking to housewarming
- Only pay one set of closing costs
- Jumbo financing available
|
You're
building a new home, or renovating an existing home. |
|
Veteran's
Administration Loans |
- Available to active and retired military
personnel
- 100% financing available
|
You're
a retired veteran, active duty military, National Guard,
or Reservist. |
|
Low Down Payment and First Time Homebuyer Loans |
- Gift funds allowed
- Down payment assistance allowed
- Little or no down payment required
- Rural financing available
|
You're
concerned about obstacles to homeownership, including:
- Down payment requirements
- Lack of credit history
- Income limitations
|
