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| 30 Year Conforming Loans |
| 15 Year Conforming Loans |
| 5 Year Arm Loans |
| 30 Year Jumbo Loans |
| 15 Year Jumbo Loans |
| 100% Financing Loans |
| No Income Verification Loans |
| Imperfect Credit Loans |
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30 Year Conforming Loans
Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Generally has higher loan limits than FHA and VA.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6.25% | 0% | 6.442% |
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15 Year Conforming Loans
Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Generally has higher loan limits than FHA and VA.
Term: 15 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6% | 0% | 6.317% |
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5 Year Arm Loans
Conforming adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Generally has higher limits than FHA and VA.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6.25% | 0% | 5.189% |
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30 Year Jumbo Loans
A jumbo mortgage is a mortgage with a loan amount above the industry standard definition of conventional conforming loan limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac. As of 2006, the limit is $417,000. The average interest rates are typically greater than normal for conforming mortgages, and vary depending on property types and mortgage amount.
Term: 30 years
Maximum Amount: $650,000
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| Rates | Points | APR |
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| 6.5% | 0% | 6.695% |
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15 Year Jumbo Loans
A jumbo mortgage loan is a mortgage with a loan amount above the industry standard definition of conventional conforming loan limits. This standard is set by the two largest secondary market lenders, Fannie Mae and Freddie Mac. As of 2006, the limit is $417,000. The average interest rates are typically greater than normal for the conforming mortgages, and vary depending on property types and mortage amount.
Term: 15 years
Maximum Amount: $650,000
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| Rates | Points | APR |
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| 6.25% | 0% | 6.569% |
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100% Financing Loans
Ideal for first-time buyers, these no down-payment mortgages can help reduce or eliminate nearly every cost associated with obtaining a home loan. These programs normally combine two loans: An 80% first mortgage, and a 20% second mortgage. The interest rate is typically the weighted average of the two loans.
Term: 30 years
Maximum Amount: $417,000
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No Income Verification Loans
Ideal for the self-employed with good credit, loans where borrowers agree to put down 25 and 30% equity in exchange for reduced documentation requirements.
Term: 30 years
Maximum Amount: $417,000
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Imperfect Credit Loans
Allows borrowers with less-than-perfect credit to qualify for competitive interest rates to consolidate debt and lower payments or make home improvements.
Term: 30 years
Maximum Amount: $417,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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