Conforming Conventional Fixed Rate Loans

Available in 10-15-20-25-30 year terms.

Maximum Loan Amount: $333,700 One Unit - Higher for plexes up to fourplex.
Loan Purpose: Purchase, Refi - Rate & Term, Refi - Cash Out, Construction-Permanent.
Property Types: Single Family Attached/Detached, Condominiums or PUD's (with restrictions), Second Homes, Investment Properties.
LTV - Loan to Value: 95% normally, with up to 97% for Community Home Buyer Program. (restrictions apply).
PMI - Private Mortgage Ins. Required over 80% on Owner Occupied & Second Homes, Over 70% on Investment Properties.
Buydowns: Yes - Permanent & Temporary
Gift Funds Allowed: Yes, with 5% of borrower's own funds, or all can be gift if 20% down.

Advantages:

Good in times of low rates and plans to stay in home for at least 5-6 years.
Enjoy a low fixed rate for the full term of your loan.
Constant payment throughout: easier to budget.
Shorter terms allow for faster equity buildup.
People on fixed income, or small income increases anticipated.

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.

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