Conventional Home Loans

There are two kinds of conventional loans. One is a "fixed rate mortgage" and the other is an "adjustable rate mortgage."

Fixed Rate Mortgage

The fixed rate option is best if you are planning to own your home for at least 7 years. For as long as you have your loan, the total amount of your principal plus interest will not increase.

  • Rate protection – your rate stays the same even if mortgage rates go up.
  • Payment stability – you will always know what your monthly payment will be.
  • Budgeting ease – budgeting your mortgage expense is easier because your payment does not fluctuate.
  • Earlier pay-off – even with a fixed rate, you can make extra payments to pay off your loan sooner.

Adjustable Rate Mortgage

An adjustable rate mortgage is a loan with an interest rate that may fluctuate over time but only after an initial "fixed" period (typically 5 or 7 years).

  • Lower rates – during the fixed period, the interest rate is often lower than for other loans.
  • Lower payments – when your interest rate is low, your payments will be lower, too.
  • Lower cost – if you are planning to own your home for only 5 to 7 years, this option keeps your payment lower.
  • Rate caps – control how much your rate can increase.
Mortgage or Refinance
Applying is fast and easy. Simply apply online or stop by one of our branch locations to learn more.
FEATURED RATES

Conventional Loan Rates

30 Year Fixed Rate

RateAPRPoints
4.375%4.456%0.000%

Conv. 5/1 ARM 30 Yr Am

RateAPRPoints
2.875%2.860%0.000%

VA Loan Rates

VA 30 Year Fixed Rate

RateAPRPoints
3.875%4.192%0.000%

VA 15 Year Fixed Rate

RateAPRPoints
3.500%4.061%0.000%

FHA Loan Rates

FHA 30 Year Fixed Rate

RateAPRPoints
3.750%5.298%0.000%

FHA 15 Year Fixed Rate

RateAPRPoints
3.000%4.046%0.000%

Jumbo Loan Rates

Jumbo 30 Year Fixed

RateAPRPoints
4.500%4.511%0.000%

Jumbo 7/1 ARM

RateAPRPoints
3.375%3.849%0.000%

Jumbo 5/1 ARM

RateAPRPoints
3.125%3.861%0.000%
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