Fixed Rate Loans
30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
Buy a home with as little as 1% down (primary home).
Refinance up to 95% of your primary home's value.
Monthly payments remain the same for the entire loan term.
Adjustable Rate Loans
3/1, 5/1, 7/1 and 10/1 ARM's. Monthly payments based on a 30 year repayment schedule.
The rate stays fixed for the first 3, 5, 7 or 10 years (depending on chosen term), and then adjusting based on loan terms.
3.50% down payment required on purchase.
Minimum credit score of 600.
Post-bankruptcy qualifying - 2 years after.
Post-foreclosure qualifying - 3 years after.