Our Most Popular Home Loan
Move into your new home with confidence.
Choose from a range of loan terms, with options for fixed or adjustable rates, to fit your financial goals and timeline.
You can start with as little as 3% down. Just keep in mind that loans with less than 20% down will require private mortgage insurance (PMI).
Conventional loans often feature lower interest rates than other loan types.
| Feature | Fixed Rate Loan | Adjustable Rate Loan (ARM) |
|---|---|---|
| Interest Rate | Fixed for the entire term | Variable; changes periodically after initial fixed period |
| Monthly Payments | Consistent and predictable | Can increase or decrease over time |
| Initial Rate | Typically higher than initial rate of ARMs | May be lower than fixed rate loans initially |
| Best For | Long-term stability, those who prefer predictable payments | Short-term savings, those who might refinance or sell before rate adjusts |
| Interest Rate | Fixed for the entire term |
|---|---|
| Monthly Payments | Consistent and predictable |
| Initial Rate | Typically higher than initial rate of ARMs |
| Best For | Long-term stability, those who prefer predictable payments |
| Interest Rate | Variable; changes periodically after initial fixed period |
|---|---|
| Monthly Payments | Can increase or decrease over time |
| Initial Rate | May be lower than fixed rate loans initially |
| Best For | Short-term savings, those who might refinance or sell before rate adjusts |
Estimated monthly payment for a conventional $180,000 15-year term fixed-rate mortgage with a 20% down payment at 6.692% Annual Percentage Rate (APR) would be $1,568. Estimated monthly payment for a $180,000 30-year term fixed-rate mortgage with a 20% down payment at 7.246% Annual Percentage Rate (APR) would be $1,213. Payments do not include amounts for taxes, homeowner's insurance, and flood insurance (if required) and the actual payment will be greater. If the down payment is less than 20%, mortgage insurance may also be required and could increase the monthly payment and APR. Payment examples are for illustrative purposes only and are subject to change.
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