Conforming Conventional 5 & 7 Year Balloon

Conforming Conventional 5 & 7 Year Ballon

Available in 5 or 7 year terms.

Maximum Loan Amount: $333,700 One Unit - Higher for Two Unit.
Loan Purpose: Purchase, Refi - Rate & Term, Refi - Cash Out,
Property Types: Single Family Attached/Detached, Condominiums or PUD's (with restrictions), Second Homes, Investment Properties.
LTV - Loan to Value: 90% (restrictions apply).
PMI - Private Mortgage Ins. Required over 80% on Owner Occupied & Second Homes.
Buydowns: Yes - Permanent on both. Temporary available only on 7 year program.

Advantages:

Enjoy a below market fixed rate for the 5 or 7 year term of your loan.
A refinance option is available at the end of the term (pending certain conditions) resetting the rate (fixed) for the remainder of the 30 year period.
A good choice if you feel fairly certain you will be selling, refinancing, or paying off within the 5 or 7 year term.

These products and/or services are only offered in jurisdictions where they may be lawfully offered for sale. Facts and data provided are obtained from sources believed to be reliable, but we cannot guarantee that they are accurate or complete. This data is not intended to provide legal, accounting, or tax advice and should not be relied upon in that regard.

For more complete information call Howard Hudson at (503) 693-1894 or click here to send a message. Return to Program Index Page.