Mortgage Center
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Mortgage Options | Best For | Max Loan to Value Ratio | Max Loan Amount | Terms Available | Mortgage Insurance |
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Traditional Fixed Rate Mortgage | Getting a fixed rate loan with flexible terms | Borrow up to 95% of home market value or purchase price whichever is less. | Up to $647,200 (or current conforming loan limit) | Flexible fixed terms | Required if your loan is more than 80% of home market value |
Adjustable Rate Mortgage (ARM) | Big savings with low starting rates and built-in rate protections | Borrow up to 95% of home market value or purchase price whichever is less. | Up to $750,000 (or current conforming loan limit) | ARM term option | Required if your loan is more than 80% of home market value |
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Flexible down-payment options | Borrow up to 100% depending on credit qualifications or purchase price whichever is less. | Up to $647,200 (or current conforming loan limit) | ARM term option | Not required |
Home Possible® Mortgage | Getting more with limited down-payment funds and income | Borrow up to 97% of home market value or purchase price whichever is less. | Up to $647,200 (or current conforming loan limit) | Flexible fixed terms | Required if your loan is more than 80% of home market value |
Fixed Rate Jumbo Mortgage ($647,200 to $2.5 million) |
Borrow up to 90% of home market value | Borrow up to 90% of home market value or purchase price whichever is less. | Loan amounts from $647,200 up to $2.5 million | Flexible fixed terms Contact a Mortgage Officer for rates and to apply now | Not Required |
FHA Loan |
Best for those with less than perfect credit | Borrow up to 97.5% | Loans up to $517,500 | Flexible fixed terms | Mortgage insurance required up to 85% |
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