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: 6.500%
Term: 30 Yr.
Monthly Payment / $10,000*: $63.21
APR1 (based on $350,000, 25% down): 6.648%
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: 5.875%
Term: 15 Yr.
Monthly Payment / $10,000*: $83.71
APR1 (based on $350,000, 25% down): 6.115%
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: 7.375%
Term: 30 Yr.
Monthly Payment / $10,000*: $69.07
APR1 (based on $350,000, 25% down): 8.245%
Minimum Down: 5%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 8.375%
Max Lifetime Cap: 13.375%
Type: 5/6m SOFR ARM**
Rate: 7.625%
Term: 30 Yr.
Monthly Payment / $10,000*: $70.78
APR1 (based on $350,000, 25% down): 8.204%
Minimum Down: 5%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 8.375%
Max Lifetime Cap: 12.625%
Type: 7/6m SOFR ARM**
Rate: 7.875%
Term: 30 Yr.
Monthly Payment / $10,000*: $72.51
APR1 (based on $350,000, 25% down): 8.250%
Minimum Down: 5%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 8.375%
Max Lifetime Cap: 12.875%
Jumbo Mortgage Rates
Type
Rate
Term
Monthly Payment / $10,000*
APR1 (based on $850,000, 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: 7.125%
Term: 30 Yr.
Monthly Payment / $10,000*: $67.37
APR1 (based on $850,000, 25% down): 7.230%
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: 7.375%
Term: 15 Yr.
Monthly Payment / $10,000*: $91.99
APR1 (based on $850,000, 25% down): 7.607%
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: 7.375%
Term: 30 Yr.
Monthly Payment / $10,000*: $69.07
APR1 (based on $850,000, 25% down): 8.220%
Minimum Down: 10%
Time Initial Rate is Fixed: 3 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 8.375%
Max Lifetime Cap: 13.375%
Type: 5/6m SOFR ARM**
Rate: 7.625%
Term: 30 Yr.
Monthly Payment / $10,000*: $70.78
APR1 (based on $850,000, 25% down): 8.179%
Minimum Down: 10%
Time Initial Rate is Fixed: 5 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 8.375%
Max Lifetime Cap: 12.625%
Type: 7/6m SOFR ARM**
Rate: 7.875%
Term: 30 Yr.
Monthly Payment / $10,000*: $72.51
APR1 (based on $850,000, 25% down): 8.225%
Minimum Down: 10%
Time Initial Rate is Fixed: 7 Yrs.
Adjustment After Initial Period: 6 Months
First Adjusted Interest Rate: 8.375%
Max Lifetime Cap: 12.875%