15 Year Fixed-Rate Mortgage

The 15 year fixed-rate enables you to own your home in half the time as the 30 year . (The loan is paid over a period of 15 years) Because of the shorter repayment period, the payments are higher. If you can afford the higher payments, this is an excellent choice, with lower total costs as well as a lower .

Loan Programs

Program Details

This traditional fixed-rate mortgage offers a stable, fixed payment over the life of the loan.
CREDIT

620

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 620
Higher Downpayment
This designation indicates the program requires a higher initial down-payment from the borrower.
Minimal Loan Documentation
This designation indicates the program requires less complex documentation
The 15 year fixed-rate mortgage enables you to own your home in half the time as the 30 year fixed-rate mortgage.
CREDIT

620

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 620
Higher Downpayment
This designation indicates the program requires a higher initial down-payment from the borrower.
Minimal Loan Documentation
This designation indicates the program requires less complex documentation
The flex term fixed-rate mortgage offers repayment terms ranging from 16 to 29 years.
CREDIT

620

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 620
Higher Downpayment
This designation indicates the program requires a higher initial down-payment from the borrower.
Minimal Loan Documentation
This designation indicates the program requires less complex documentation
The jumbo loan is a loan that is over the conforming loan limit ($417,000) set by the government-sponsored mortgage agencies, Freddie Mac (FHLMC) and Fannie Mae (FNMA).
CREDIT

700

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 700
Higher Downpayment
This designation indicates the program requires a higher initial down-payment from the borrower.
Minimal Loan Documentation
This designation indicates the program requires less complex documentation
Adjustable rate mortgages (ARM) have an initial fixed-rate period of 1, 3, 5, 7 or 10 years after which time they convert to an adjustable rate mortgage. Dependent on the length of time you intend to own your home, the ARM might be a consideration.
Higher Downpayment
This designation indicates the program requires a higher initial down-payment from the borrower.
Minimal Loan Documentation
This designation indicates the program requires less complex documentation
FHA home loans insured by the Federal Housing Administration (FHA) offer expanded lending guidelines for individuals who may not qualify for conventional financing.
CREDIT

550

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 550
Lower Downpayment
This designation indicates the program allows a lower initial down-payment from the borrower.
Extra Loan Documentation
This designation indicates the program requires more complex documentation.
VA home loans insured by the Department of Veteran Affairs offer military veterans exceptional benefits, including low interest rates and no down payment requirement.
CREDIT

550

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 550
Specialized Program
This designation indicates the program has specialized eligibility requirements.
Zero Downpayment
This designation indicates the program requires zero initial down-payment from the borrower.
USDA Rural Housing home loans insured by Housing & Urban Development (HUD) are designed to assist low-to-moderate income rural residents in purchasing a new home by providing affordable interest rates and loan terms.
CREDIT

550

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 550
Specialized Program
This designation indicates the program has specialized eligibility requirements.
Zero Downpayment
This designation indicates the program requires zero initial down-payment from the borrower.
Extra Loan Documentation
This designation indicates the program requires more complex documentation.
HUD-184 Native American home loans insured by HUD are specifically designed for Native Americans, Alaska Native families, Alaska Villages, New Mexican Pueblo homebuyers, Tribes, or Tribally Designated Housing Entities.
Specialized Program
This designation indicates the program has specialized eligibility requirements.
Lower Downpayment
This designation indicates the program allows a lower initial down-payment from the borrower.
Extra Loan Documentation
This designation indicates the program requires more complex documentation.
Purchasing a home that needs a little updating or energy efficiency improvements? The renovation loan allows you to combine the cost of the home with the renovation or remodeling costs and finance it in one loan.
CREDIT

680

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 680
Higher Downpayment
This designation indicates the program requires a higher initial down-payment from the borrower.
Finance your property, construction, and permanent mortgage all with a single loan. No Re-Qualification.
No Second Appraisal.
Specialized Program
This designation indicates the program has specialized eligibility requirements.
The Mortgage Credit Certificate (MCC) is an IRS-approved tax credit which reduces a home buyers’ federal income tax liability as long as they have the loan, continuously occupy the home as their principal residence, have a tax liability, and utilize the MCC when their taxes are filed with the IRS.
CREDIT

600

Minimum Credit Score
Eligibility for this program requires a minimum credit score of 600
Specialized Program
This designation indicates the program has specialized eligibility requirements.
Income Limitations
This designation indicates requirements related to the borrower's income.
Extra Loan Documentation
This designation indicates the program requires more complex documentation.
Keep an eye out for our loan programs in development. We are always looking for updated information and innovative ways to offer the right borrowing opportunities for the right borrower.