top of page



A mortgage loan that is not insured or guaranteed by the federal government. The maximum mortgage amount for a conventional conforming loan is $510,400.

ARM 3/1, 5/1, 7/1

A mortgage with an interest rate and payment that changes periodically over the life of the loan based on the change in a specific index. Adjustable rate mortgages may have features that allow for the interest rate and payments to be fixed for an initial period (3 years, 5 years, 7 years, 10 years) and thereafter adjusting periodically based on the specific index.


A mortgage with a loan amount greater than $510,400. Jumbo loans typically require a larger down payment and a higher interest rate than loans less than $510,400.

VA Mortgage

A loan guaranteed by the Veterans Administration. This loan is available to qualifying veterans of the armed forces and provides for 100% financing. The maximum 100% loan is currently $510,400. VA loans exceeding $510,400 are also available.

R (2).png

FHA Mortgage

A loan insured by the Federal Housing Administration. This product typically requires a 3.5% down payment and the Federal Housing Administration sets maximum mortgage limits by state and county.


This loan type provides 100% financing with minimal mortgage insurance. The home and the borrower’s income must meet program guidelines.

Bond Loans/Down Payment Assistance

State Housing Finance Agencies help make home ownership affordable through fixed-rate FHA, VA, USDA and Conventional mortgages at favorable terms along with down payment assistance options for qualified borrowers.

bottom of page