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Fixed, Adjustable, Jumbo

Whether you’re buying or refinancing, our expert mortgage loan advisors will help you find a solution that fits your needs:

Fixed Rate Mortgage

If consistency is your goal, a fixed rate mortgage may be the right choice for you. Lock in your rate upfront and enjoy that same rate for the entire life of your loan.

Options include:

The most commonly selected term is the 30-year, as it creates a lower monthly payment. If you can afford a higher monthly payment, however, a 15-year term may be a better option, as you’ll pay much less in interest overall and eliminate your debt sooner.

Adjustable Rate Mortgage (ARM)

If you’re looking for a lower initial rate to increase your borrowing power or lower your initial monthly payment, or if you plan to own your home for only a short period of time, an ARM might be a smart choice for you. In comparison to a fixed rate mortgage, an ARM typically provides a lower initial interest rate at first, but it may rise or fall during the life of the loan, depending on the interest rate market.

Options include:

The 1/1 adjusts annually, while the 3, 5 and 7 options maintain a fixed rate for the corresponding initial period and then convert to a 1-year ARM.

Jumbo Mortgages

If you need a home loan for more than $417,000, you may need a jumbo mortgage. Keep in mind that due to the increased financial risk of higher loan amounts, rates generally vary from those offered on conventional loan amounts.

Options include:

  • Jumbo up to $850,000
    • 10-, 15-, 20- and 30-year fixed rate terms
    • 1/1, 3/1, 5/1 and 7/1 adjustable rates
  • Jumbo up to $4,000,000
    • 15- and 30-year fixed terms
    • 5/1 adjustable rates

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