Fixed Rates:

  • Fixed Rate, Fixed Term – 30, 25, 20,
    and 15 year terms Fixed Payments
  • 5/25 & 7/23 The interest rate is lower for the initial term and increases once
    for the remaining life of the loan
Government Backed:
  • FHA 203(b)
  • FHA 203(k) Rehabilitation
  • VA

Adjustable Rate Mortgages:

  • 1/1 The interest rate is reset each year based on a specific formula
  • 3/1, 5/1 10/1 The interest rate is fixed for the initial term and and the end of the period converts to a traditional one year adjustable rate