We offer:
– 30-year Fixed
– 20-year Fixed
– 15-year Fixed
– 10-year Fixed

A “fixed-rate” mortgage comes with an interest rate that won’t change for the life of your home loan. A “conventional” (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation. Conventional loans may feature lower interest rates and typically range from 10 to 30 years.

Monthly principal and interest payments on a conventional fixed-rate mortgage remain the same for the life of the loan making it an attractive option for borrowers who plan to stay in their home for several years.

Down Payment: Most conventional loans will require at least 3 percent (and optimally 20 percent or more) as a down payment.

Credit History: Conventional loans are a good choice for borrowers with very good credit, which generally means a FICO score of 640 or higher. There are also established guidelines for income and other personal financial information.

Ready to offer conventional mortgages?  Partner with us.

We offer:
– 5/1 ARM
– 3/1 ARM

An adjustable-rate mortgage (ARM) is a loan in which the interest rate may change periodically, usually based upon a pre-determined index. The ARM loan may include an initial fixed-rate period that is typically 3 to 10 years. The interest rate then may change (adjust) each year thereafter once the initial fixed-rate period ends. With a 5/1 ARM loan for a 30-year term, your interest rate would be fixed for the initial 5 years and could fluctuate up or down each subsequent year for the next 25 years.

ARM loans generally provide the lowest interest rates and monthly payments during the initial rate period, but rates could increase or decrease once the initial rate expires. While many home buyers prefer the security of a fixed-rate mortgage, an ARM can be a good choice, too – especially if you know you’ll be moving within the next few years.

ARM requirements are generally similar to conventional loan requirements for loans limit, down payment and credit history.

Ready to offer ARM loans?  Partner with us.