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Loan Programs
PROGRAM TYPES
10, 15, 20 & 30 Year Fixed Rate
40 & 50 Year Fixed Rate
5/25 & 7/23 Adjustable Rate
3/1, 5/1, 7/1 & 10/1 Adjustable Rate
1 Year ARM
6 Month LIBOR ARM
15 & 30 Year Jumbo Fixed Rate
3/1, 5/1, 7/1 & 10/1 Jumbo ARM
1 Year Jumbo ARM
5/25 or 10/20 Interest Only
Small Commercial
Large Commercial
PROGRAM DEFINITIONS
Fixed for 10, 15, 20 or 30 years for the life of the loan
Fixed rate for 30 years, amortized for 40 or 50 years
Fixed for 5 or 7 years, with the option to refinance for the remaining 25 or 23 years
Fixed for 3, 5, 7, or 10 years, then converts to an ARM (Adjustable Rate Mortgage)
Fixed for 1 year, then adjusts annually
Fixed for 6 months, then adjusts every 6 months
Fixed for 15 or 30 years for the life of the loan
Fixed for 3, 5, 7 or 10 years, then converts to an ARM (Adjustable Rate Mortgage)
Fixed for 1 year, then adjusts annually
Interest only for the first 5 or 10 years, amortized for 30 years
Loans up to $2 million dollars
Loans up to $100 million dollars
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