Product Offering

Conforming Programs (Loans less than $417,000)

The Fixed Rate

A mortgage where the principal and interest payment remains the same for the life of the loan (up to 30 years). Allows you to purchase or refinance a 1 to 4 unit owner-occupied property, a second home, or an investment property.

The Fannie Mae Flex

A fixed rate mortgage as described above, with a twist: You're not required to put any of your own money into the transaction. Downpayment and closing costs may come from a gift or grant.

The 5 Year Balloon

A mortgage with a 5 year term, and principal and interest payments that do not fully repay the loan. The balance of the mortgage is due at the end of the 5th year. Many loan types have a modification feature at the end of the 5th year to turn it over to a fixed rate mortgage. Allows you to purchase or refinance a 1 and 2 unit owner-occupied property or a 1 unit second home.

The 7 Year Balloon

A mortgage with a 7 year term, and principal and interest payments that do not fully repay the loan. The balance of the mortgage is due at the end of the 7th year. Many loan types have a conditional option to refinance at the end of the 7th year. Allows you to purchase or refinance a 1 and 2 unit owner-occupied property or a 1 unit second home.

The 1 Year Treasury ARM

An adjustable rate mortgages with fixed principal and interest payments for the first year. At year two and each year through the end of the term, the mortgage may adjust annually up or down in accordance with the market. If the rate adjusts upward, it will not adjust more than 2% each year or 6% over the life of the loan. Allows you to purchase or refinance a 1 to 4 unit owner-occupied property or a 1 unit second home.

The 3/1 Treasury ARM

An adjustable rate mortgages with fixed principal and interest payments for the first 3 years. At year 4 and each year through the end of the term, the mortgage may adjust annually up or down in accordance with the market. If the rate adjusts upward, it will not adjust more than 2% each year or 6% over the life of the loan. Allows you to purchase or refinance a 1 to 4 unit owner-occupied property or a 1 unit second home.

The 5/1 Treasury ARM

An adjustable rate mortgages with fixed principal and interest payments for the first 5 years. At year six and each year through the end of the term, the mortgage may adjust annually up or down in accordance with the market. If the rate adjusts upward, it will not adjust more than 2% each year or 5% over the life of the loan. Allows you to purchase or refinance a 1 to 4 unit owner-occupied property or a 1 unit second home.

The 7/1 Treasury ARM

An adjustable rate mortgages with fixed principal and interest payments for the first 7 years. At year eight and each year through the end of the term, the mortgage may adjust annually up or down in accordance with market. If the rate adjusts upward, it will not adjust more than 2% each year (except at the first adjustment which is subject to the 5% life cap) or 5% over the life of the loan. Allows you to purchase or refinance a 1 to 4 unit owner-occupied property or a 1 unit second home.