Mortgage Options
- This agency-regulated-product offers a variety of loan terms from 5 years to a maximum of 30.
- The interest rate is set at the time of closing and remains constant over the entire loan term.
- Transactions with less than 20% invested into the value of the property will typically require Private Mortgage Insurance, which can be removed when certain criteria is met.
- Minimum down payment programs are available for qualified applicants.
- This product offers an initial rate which remains fixed for an initial 7-year period.
- The interest rate is set at the time of closing and remains constant over the initial fixed-rate period.
- Once the fixed-rate period expires, the interest rate can increase or decrease on an annual basis.
- Transactions with less than 20% invested into the value of the property will typically require Private Mortgage Insurance, which can be removed when certain criteria is met.