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| Fixed Rate Conforming Products |
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Fixed Rate Conforming Products
For the residential purchase or refinance up to conforming loan limits of $417,000 we offer the following mortgage products:
30 to 10 year terms available (clients sometimes pick an 18 year term for example)
40 year fixed rate loans
30 year fixed with a 15 or 10 year intial term with an interest only payment (great for cash-flow)
30 or 40 year financing up to 100% for rate/term refinance, purchase, and even cash-out
"Lender-paid Mortgage Insurance (LPMI)" now availalbe up to 100% financing
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6.25% | 1% | 6.331% |
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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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