LOAN OPTIONS

Conventional Fixed Rate

Best for: Fixed monthly payments for the life of the loan and good for those who plan to stay long term
in the home

Features:

• Competitive rates

• Flexible terms

• No Mortgage Insurance Premiums (MIP) at closing

Portfolio Adjusted Rate

Best for: Building long term bank relationship

Features:

• Your loan is held in our investment portfolio instead of being sold on the secondary market

• More flexible term

• Initial rate fixed for 3 or 5 years

Adjustable Rate

Best for: If you plan to move or refinance within a few years

Features:

• Your initial rate is lower

• Flexible repayment options

• Take advantage of falling rates without refinancing

Jumbo

Best for: Higher value properties and those who can manage large monthly mortgage payments

Features:

• Special fixed and adjustable rate financing for high loan amounts

• Flexible structures available

• Convenience of one loan for the entire amount

FHA

Best for: First time buyers or those who have less than perfect credit

Features:

• Backed by the Federal Housing Administration

• Fixed rate loan with more flexible qualification requirement

• Low down payment required

• Easy refinancing

VA

Best for: Qualified veterans, reservists, active duty personnel or eligible family members

Features:

• Up to 100% financing

• No down payment

• No income restrictions

• Does not require monthly mortgage insurance