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| 30 Year Conforming Fixed |
| 30 Year Conforming Fixed Alt 97 |
| 20 Year Conforming Fixed |
| 15 Year Conforming Fixed |
| 10 Year Conforming Fixed |
| 30 Year Jumbo Fixed |
| 15 Year Jumbo Fixed |
| 30 Year FHA Fixed |
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30 Year Conforming Fixed
| Loan Program |
Features |
Best For |
| 30 Year Conforming Fixed |
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Payments are fixed for 30 years and loan is amortized over 30 years |
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No prepayment penalty |
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Lower monthly payment than shorter term loans due to longer amortization | | |
Most popular loan program during periods of historically low interest rates |
Term: 30 years
Maximum Amount: $417,000
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30 Year Conforming Fixed Alt 97
| Loan Program |
Features |
Best For |
| 30 Year Conforming Fixed Alt 97 |
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Payments are fixed for 30 years and loan is amortized over 30 years |
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Select this product if to purchase a property with only 3% down payment |
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Down payment can be gift funds from a relative | |
Great option for those with limited savings |
Term: 30 years
Maximum Amount: $417,000
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20 Year Conforming Fixed
| Loan Program |
Features |
Best For |
| 20 Year Conforming Fixed |
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Payments are fixed for 20 years and loan is amortized over 20 years |
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No prepayment penalty |
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Lower monthly payment than shorter term loans due to longer amortization |
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Loan is priced the same as a 30 year Fixed Comforming | |
Popular for borrowers that want to payoff their loan earlier than 30 years, but do not chose a 15 year program |
Term: 20 years
Maximum Amount: $417,000
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15 Year Conforming Fixed
| Loan Program |
Features |
Best For |
| 15 Year Conforming Fixed |
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Payments are fixed for 15 years and loan is amortized over 15 years |
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No prepayment penalty |
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Monthly payment is higher than 30 year fixed due to shorter term | |
Popular for people who can afford the higher payment but wish to payoff their loan sooner |
Term: 15 years
Maximum Amount: $417,000
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10 Year Conforming Fixed
| Loan Program |
Features |
Best For |
| 10 Year Conforming Fixed |
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Payments are fixed for 10 years and loan is amortized over 10 years |
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No prepayment penalty |
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Monthly payment is higher than 15, 20 & 30 year fixed due to shorter term |
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Loan is priced the same as a 15 Year Fixed Conforming | |
Popular for people who can afford the higher payment but wish to payoff their loan sooner |
Term: 10 years
Maximum Amount: $417,000
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30 Year Jumbo Fixed
| Loan Program |
Features |
Best For |
| 30 Year Jumbo Fixed |
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Payments are fixed for 30 years and loan is amortized over 30 years |
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No prepayment penalty |
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Lower monthly payment than shorter term loans due to longer amortization | |
Most popular loan program during periods of historically low interest rates |
Term: 30 years
Maximum Amount: $1,000,000
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15 Year Jumbo Fixed
| Loan Program |
Features |
Best For |
| 15 Year Jumbo Fixed |
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Payments are fixed for 15 years and loan is amortized over 15 years |
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No prepayment penalty |
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Monthly payment is higher than 30 year fixed due to shorter term | |
Popular for people who can afford the higher payment but wish to payoff their loan sooner |
Term: 15 years
Maximum Amount: $1,000,000
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30 Year FHA Fixed
| Loan Program |
Features |
Best For |
| 30 Year FHA Fixed |
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Insured by the Federal Housing Administration
Payments are fixed for 30 years and loan is amortized over 30 years |
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No prepayment penalty |
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Lower monthly payment than shorter term loans due to longer amortization | |
First time home buyers lacking sufficient down payment |
Maximum Amount: $255,000
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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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