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30 Year Fixed Mortgage


  • Loan amounts up to $417,000 on single family homes, and $533,850 on 2 units.
  • 95% financing available on purchase and rate/term refinances.
  • Fixed rate of interest for full term of loan.
  • Level principal and interest payments for the full term of the loan. (Payments may increase due to an increase in homeowners insurance and property tax)
  • No risk that changing market conditions will increase your monthly principal and interest payments.

Best Choice If:

  • You plan on staying in the home long-term.
  • You think interest rates will increase.
  • You don't expect your income to increase significantly over the coming years.


  • You end up paying more in interest charges over the life of the loan.
  • Cash-out refinances limited to 80% LTV.
  • Modifications not permitted.
  • Escrow required.