Fixed Rate Mortgages
15, 20, and 30 Year Terms
Features
- Up to 80% combined loan to value (CLTV)1 financing
- Conforming loan amounts up to $417,000
- Jumbo loan amounts up to $1,000,000
- 15, 20, and 30 year terms
- Lower rates if points are purchased2
- Cash-out options for refinancing only3
With a fixed rate mortgage, the interest rate remains the same for the life of the loan. This is a good choice for those planning to stay in a home for an extended period and for those who prefer a consistent payment amount.
Consider A Fixed Rate Loan If You:
- Plan on staying in your home for many years
- Prefer an unchanging, lower monthly payment
- Want to take advantage of larger mortgage tax deductions early in the loan
Consider An Adjustable Rate Loan If You:
- Plan on moving or changing homes within 3 to 5 years
- Expect your income to rise in the coming years
- Could handle larger monthly payments should interest rates rise
Apply online, call our Loan Services Center at 877-254-9328, visit your local branch, or request a Mortgage Packet today.
1 $350,000 loan with a 4.875% interest rate (4.930% Annual Percentage Rate) (effective as of December 18, 2008) would have 360 monthly payments of $1,852.23.
2 Rates subject to change at any time.
3 The following are subject to a rate increases in accordance with federal guidelines: all condominiums, multi-units, and cash-out refinances.
Note: All properties must be owner occupied. Manufactured or mobile homes are not eligible for financing.
