Typically referred to as a traditional mortgage, this is the most common mortgage used for purchasing a home or land. The interest rate and payment stay the same for the life of your loan. It’s a great option for borrowers who want predictability.
- 15, 20, and 30-year term options are available
- Down payment options as low as 5%
- 3% minimum down payment available for first-time homebuyers
- Local underwriting on all mortgage loans
- Available for land purchases
Conforming Mortgage Rates
Type
Rate
Term
Monthly Payment / $10,000*
APR1 (based on $350,000, 25% down)
Minimum Down
Time Initial Rate is Fixed
Adjustment After Initial Period
First Adjusted Interest Rate
Max Lifetime Cap
Type: 30 Yr. Fixed Rate
Rate: 5.625%
Term: 30 Yr.
Monthly Payment / $10,000*: $57.57
APR1 (based on $350,000, 25% down): 5.784%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 4.625%
Term: 15 Yr.
Monthly Payment / $10,000*: $77.14
APR1 (based on $350,000, 25% down): 4.886%
Minimum Down: 5%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 3/6m SOFR ARM**
Rate: 5.7505%
Term: `30 Yr.
Monthly Payment / $10,000*: $58.36
APR1 (based on $350,000, 25% down): 6.989%
Minimum Down: 5%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 11.750%
Type: 5/6m SOFR ARM**
Rate: 5.000%
Term: 30 Yr.
Monthly Payment / $10,000*: $53.68
APR1 (based on $350,000, 25% down): 6.488%
Minimum Down: 5%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 10.000%
Type: 7/6m SOFR ARM**
Rate: 5.250%
Term: 30 Yr.
Monthly Payment / $10,000*: $55.22
APR1 (based on $350,000, 25% down): 6.352%
Minimum Down: 5%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 10.250%
Jumbo Mortgage Rates
Type
Rate
Term
Monthly Payment / $10,000*
APR1 (based on $750,000, 25% down)
Minimum Down
Time Initial Rate is Fixed
Adjustment After Initial Period
First Adjusted Interest Rate
Max Lifetime Cap
Type: 30 Yr. Fixed Rate***
Rate: 6.625%
Term: 30 Yr.
Monthly Payment / $10,000*: $64.03
APR1 (based on $750,000, 25% down): 6.738%
Minimum Down: 20%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 15 Yr. Fixed Rate
Rate: 5.500%
Term: 15 Yr.
Monthly Payment / $10,000*: $81.71
APR1 (based on $750,000, 25% down): 5.680%
Minimum Down: 10%
Time Initial Rate is Fixed: n/a
Adjustment After Initial Period: n/a
First Adjusted Interest Rate: n/a
Max Lifetime Cap: n/a
Type: 3/6m SOFR ARM**
Rate: 5.500%
Term: 30 Yr.
Monthly Payment / $10,000*: $56.78
APR1 (based on $750,000, 25% down): 6.906%
Minimum Down: 10%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 11.500%
Type: 5/6m SOFR ARM**
Rate: 4.750%
Term: 30 Yr.
Monthly Payment / $10,000*: $52.16
APR1 (based on $750,000, 25% down): 6.376%
Minimum Down: 10%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 9.750%
Type: 7/6m SOFR ARM**
Rate: 5.000%
Term: 30 Yr.
Monthly Payment / $10,000*: $53.68
APR1 (based on $750,000, 25% down): 6.212%
Minimum Down: 10%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 7.250%
Max Lifetime Cap: 10.000%