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Conforming Loans
Conforming loans tend to have the lowest interest rates available. Home buyers
and home owners who are refinancing can also take advantage of low-cost
conforming mortgages, as long as the amount they refinance doesn't exceed FNMA*
and FHLMC** limits. For some homeowners, it makes sense to pay down a larger
mortgage in order to save on interest rates.
Conforming Rates
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3 YR ARM Conforming Loans Up to $322K
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Notes:
$175K-$322K loan amount / owner occupied 30 Year loan payment is fixed
first three(3) years then becomes ARM Loan. No impound add .25 point. See notes
and comments below.
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| Rate
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Point
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APR
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5.250
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0.875
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5.375
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5.250
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0.000
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5.375
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5 YR ARM Conforming Loans Up to $322K
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Notes:
$175K-$322K loan amount. Fixed 5 YR: After 5 years then becomes ARM. No
impound add .25 point. See notes and comments below.
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| Rate
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Point
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APR
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5.750
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0.000
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5.875
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Rates are subject to change without notice and often updated throughout the
day.
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Rate and fees will be higher for the following loans: Cash out loans,
Investment property loans, 2-4 Family dwellings, High Rise CONDO's, FICO's less
than 680.
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FNMA guidelines have changed for refinances above 70% LTV that involve payoff
of equity lines of credit and seconds. These loans may be considered cash out
even though borrower does not receive any cash at closing.
*FNMA - Federal National Mortgage Association (FNMA,
Fannie Mae)
**FHLMC - Federal Home Loan Mortgage Corporation (FHLMC, Freddie Mac)
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