Important Consideration for the applicant
A. A down payment as low as 5% may be available.
B. A conventional fixed-rate mortgage provides the stability of fixed monthly payments and interest rate for the life of the loan.
C. 10-,15-,20-, 25-,30-year fixed-rate terms are available.
D. Temporary interest rate buy-downs may be available.
E. The advance approval provides the applicant with credit approval before a home is selected.
F. The comforter feature provides payments at a lower amount which then increases to a predetermined amount over the next 1,2, or 3 years. The loan is then fixed at the higher rate for the remainder of the loan term.
G. Many interest rates and discount point combinations are available