Conventional financing offers some of the lowest interest rates in the industry. If you have at least a 3% down payment then this type of financing is an excellent source of financing for the purchase of your new home.
• Up to 97% of the purchase price (monthly mortgage insurance required if over 80%)
• 660 credit score required and must be able to verify income
LOAN PROGRAMS
Conforming Fixed Mortgages 30 year fixed 25 year fixed 20 year fixed 15 year fixed
Conforming Fixed Period ARM's (Adjustable Rate Mortgage's) 3/1 ARM = 3 years fixed, 27 year ARM 5/1 ARM = 5 years fixed, 25 year ARM 7/1 ARM = 7 years fixed, 23 year ARM 10/1 ARM = 10 years fixed, 20 year ARM
Jumbo Fixed Mortgages (Larger than $417,000.) 30 year fixed 15 year fixed
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