15 Year Fixed
- Loan amounts up to $417,000 on single family homes, and $533,850 on 2 units.
- Cut mortgage length in half.
- Save significant amount of money in interest payments.
- Build equity in your home faster.
Best Choice If:
- You want to own your home more quickly.
- You want to retire debt free.
- You want a low interest rate.
- Your monthly payment will be significantly higher than with a 30-year mortgage.
- Maximum loan to value is 95% on purchases and rate/term refinances. 75% on condominiums and Townhomes.
- Cash-out refinances limited to 80% LTV.
- Escrow required.