|
Loan Programs |
Advantages |
 |
|
Conforming, Super-Conforming, and Jumbo |
30 year fixed
30 year fixed i/o
20 year fixed
15 year fixed
10 year fixed |
-
Monthly payments are fixed over the life
of the loan
-
Interest rate does not change
-
Protected if rates go up
|
|
|
|
Conforming, Super-Conforming, and Jumbo |
7/1 ARM
5/1 ARM
3/1 ARM
Interest Only Options |
-
Lower initial monthly payment
-
Lower payment over a shorter period of
time
-
Rates and payments may go down if rates
improve
|
|
|
|
First Time Buyer Programs |
30 year fixed
30 year fixed i/o
20 year fixed
15 year fixed
10 year fixed |
-
Low down payment
-
Easier to qualify
|
|
|
|
Federal VA |
30 year fixed
15 year fixed |
-
No down payment
-
Easier to qualify
|
|
|
