40, 30, 25, 20, 15, 10, and 5 Year Fixed
Rate Mortgages Available.
30 Year Fixed Rate Mortgage
30 year fixed is a type of mortgage loan that is repaid by the borrower making 360 equal monthly payments over a period of 30 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. A 30 year mortgage loan is the most widely accepted program used to finance a residential purchase, and is available for conventional, jumbo, FHA and VA loans.
15 Year Fixed Rate Mortgage
A 15 year fixed is a type of mortgage loan that is repaid by the borrower making 180 equal monthly payments over a period of 15 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. A 15 year mortgage loan is available for conventional, jumbo, FHA and VA loans.
25, 20, 10, and 5 Year Fixed Rate
Mortgages
All of these respective terms are available for conventional and jumbo loan
programs. Not available for FHA and VA.
