CONVENTIONAL LOAN PRODUCTS

Conventional Purchase

This is a mortgage loan product for the purchase of 1-4 family owner occupied residential properties

• 5% Down Payment For Single Family Residence
• 10% Down Payment For 2-Family Residence
• 20% Down Payment for 3-4 Family Residence
• 8 to 40 Year Term in annual increments
• Fixed, Competitive Interest Rates
• Gifts For Closing Costs And Reserves Allowed within certain limits
• Contributions From Seller Toward Closing Costs Within Certain Limits
• 2 Month House Note On Reserve
• No Prepayment Penalty
• Mortgage Insurance Required For Loan-To-Values In Excess of 80%
• Free Pre-Qualification
• Maximum Loan Amount $417,000.00

Conventional No-Cash Out Refinance

This is a mortgage loan product for the refinance of owner occupied 1-4 family residences. This may help homeowner's lower their interest rate or shorten their loan term.

Special Program Features:

• 1-2 Family-Maximum 95% Loan-To-Value
• 3-4 family-Maximum 80% Loan-To-Value
• Loan-To-Value Can Include Paying Off Existing Mortgage and Closing Costs
• 8 to 40 Year Term in annual increments
• Fixed, Competitive Interest Rates
• No Prepayment Penalty
• Mortgage Insurance Required For Loan-To-Values In Excess of 80%
• Free Pre-Qualification
• Maximum Loan Amount $417,000.00

Conventional Cash-Out Refinance

This is a mortgage loan product for the refinance of 1-4 family owner occupied residential properties with cash out. Allows borrowers to get equity out of their home to be used for home improvement, car purchase, investments, etc.

Special Program Features:

• 1-2 Family Maximum 90% Loan-To-Value
• 3-4 Family Maximum 75% Loan-To-Value
• 8 to 40 Year Term in annual increments
• Fixed, Competitive Interest Rates
• No Prepayment Penalty
• Free Pre-Qualification
• Maximum Loan Amount $417,000.00

Jumbo Loan Purchase and Refinance

This is a mortgage loan product developed for those borrower's who will have loans in the amount of $227,150.00 or higher.

Special Program Features:

• Minimum Down Payment Varies On Purchase
• Fixed, Competitive Rates
• No Prepayment Penalty
• Mortgage Insurance Required For Loan-To-Values In Excess of 80%
• 15 Or 30 Year Term in 5 year increments
• Cash-Out Refinance allowed within certain limits