Fixed-Rate Mortgage | Adjustable Rate Mortgage | First-Time Homebuyer Program | FHA Loan | Jumbo Mortgage | Single-Close Construction Loan | Land Loan | VA Loan | USDA Loan | |
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Key Benefits |
Predictable payments No interest-rate surprises |
Lowest short-term rates Initial lower monthly payments |
Low down payment No mortgage insurance |
Low down payment Government-backed |
Loan for higher-priced properties1 No mortgage insurance |
One closing, one loan2 |
Keeps your land and home loans separate |
No down payment No mortgage insurance |
No down payment |
A Good Option If You |
Want your rate and payments to stay same for life of loan Plan to stay in your home for several years |
Are comfortable with rate and payments fixed at first, then adjusting later Don't plan to stay in the home long |
Do not have a substantial down payment saved Have not owned a house in the past three years |
Do not have a substantial down payment saved Have less than perfect credit or limited credit history |
Want to avoid two or more loans for a home purchase up to $1 million Have established credit history |
Want one loan that covers new home construction and then converts to standard mortgage |
Are buying a lot for a future home |
Are an American veteran, current military, reservist, or surviving spouse |
Are purchasing a property in a rural area Meet income restrictions for your county |
Available Loan Terms |
Purchase & Refinance: 5, 7, 10, 15, 20, and 30 years |
Purchase & Refinance: 5/5 ARM 30 year and 7/6 ARM 30 year. Please call for information about other ARM products and terms. |
15, 20, and 30 year fixed 5/5 ARM and 7/6 ARM |
Purchase & Refinance: 15 and 30 years |
Fixed and adjustable rate options |
12-month construction term |
1 year maximum |
Purchase & Refinance: 15 and 30 years |
Purchase: 30 years |
Interest Rate As Low As |
Purchase: 6.375% for 15-Year Fixed Refinance: 6.500% for 15-Year Fixed |
Purchase: 6.875% for 3/6 ARM 30-Year Refinance: 7.375% for 3/6 ARM 30-Year |
6.625% for 15-Year Fixed 7.500% for 7/6 ARM 30-Year |
Purchase: 6.250% for 30-Year Fixed Refinance: 6.250% for 30-Year Fixed |
Contact Us for Options | Contact Us for Options | Contact Us for Options |
Purchase: 6.250% for 30-Year Fixed Refinance: 6.250% for 30-Year Fixed |
Purchase: 6.250% for 30-Year Fixed |
APR As Low As |
Purchase: 6.440% for 15-Year Fixed3 Refinance: 6.566% for 15-Year Fixed3 |
Purchase: 7.556% for 3/6 ARM 30-Year4 Refinance: 7.691% for 3/6 ARM 30-Year4 |
6.684% for 15-Year Fixed5 7.654% for 7/6 ARM 30-Year4 |
Purchase: 7.008% for 30-Year Fixed6 Refinance: 7.008% for 30-Year Fixed7 |
Contact Us for Options | Contact Us for Options | Contact Us for Options |
Purchase: 6.472% for 30-Year Fixed8 Refinance: 6.474% for 30-Year Fixed9 |
Purchase: 6.730% for 30-Year Fixed10 |
No Points | — | — | — | — | |||||
No Mortgage Insurance (PMI) | — | — | — | — | — | — | |||
Down Payment | As low as 5% of purchase price | As low as 10% of purchase price | As low as 5% of purchase price | As low as 3.5% of purchase price | Varies based on loan terms chosen | As low as 10% of purchase price | 20% or more of lot value | $0 | $0 |
Loan Limits | — | — |
Up to $450,000 |
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Up to $1 million |
Up to $1 million |
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Special Feature | — | — | — | Backed by the Federal Housing Administration (FHA) | — | — | — | Guaranteed by the U.S. Department of Veterans Affairs (VA) | Offered by the U.S. Department of Agriculture (USDA) |
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We are happy to help! Call 1-800-621-2105 or start a live chat.