Conforming loans tend to have the lowest interest rates available. Home buyers
and home owners who are refinancing can also take advantage of low-cost
conforming mortgages, as long as the amount they refinance doesn't exceed FNMA*
and FHLMC** limits. For some homeowners, it makes sense to pay down a larger
mortgage in order to save on interest rates.
3 YR ARM Conforming Loans Up to $322K
$175K-$322K loan amount / owner occupied 30 Year loan payment is fixed
first three(3) years then becomes ARM Loan. No impound add .25 point. See notes
and comments below.
5 YR ARM Conforming Loans Up to $322K
$175K-$322K loan amount. Fixed 5 YR: After 5 years then becomes ARM. No
impound add .25 point. See notes and comments below.
Rates are subject to change without notice and often updated throughout the
Rate and fees will be higher for the following loans: Cash out loans,
Investment property loans, 2-4 Family dwellings, High Rise CONDO's, FICO's less
FNMA guidelines have changed for refinances above 70% LTV that involve payoff
of equity lines of credit and seconds. These loans may be considered cash out
even though borrower does not receive any cash at closing.
*FNMA - Federal National Mortgage Association (FNMA,
**FHLMC - Federal Home Loan Mortgage Corporation (FHLMC, Freddie Mac)