During the entire term of the loan, interest rate and payment stay the same

• Plan on living in home for more than ten years
• Seek stability in their monthly payments

100% Financing 6% seller help toward closing

First-Time Home Buyer - Primary Residence

• For seven years interest rate and payment remain the same
• After the first seven years, the interest rate is adjusted every year
• For the remainder of the term the payment is subject to change

• Plan on living in home for more than ten years
• Seek stability in their monthly payments but can accept changes later
• Plan on moving within several years
• Would like to keep loan if plans change

• For seven years interest rate and payment remain the same
• Conversion Option - The eighth year the interest rate is adjusted to mirror current interest rates, the resulting payment will remain constant throughout the remainder of the loan

• Plan on living in home for more than ten years
• Able to handle one payment adjustment
• Plan on moving within seven years
• Would like to keep loan if plans change

• For seven years interest rate and payment remain the same
• The loan is due in full at the end of seven years
• The borrower has to refinance into a new loan using current interest rates

• Plan on living in home for more than seven years
• Willing to refinance at current market prices
• Plan on moving within seven years
• Like stability in payments

• For five years interest rate and payment remain the same
• Beginning of the sixth year, the interest rate is adjusted every five years (for 5/5 ARM) and every year (for 5/1 ARM)

• Plan on living in home for more than 5 years
• Seek stability in their monthly payments but can accept changes later
• Plan on moving within five years
• Would like to keep loan if plans change

• For five years interest rate and payment remain the same.
• Conversion option - The sixth year the interest rate is adjusted to mirror current interest rates, the resulting payment will remain constant throughout the remainder of the loan.

• Plan on living in home for more than five years
• Able to handle one payment adjustment
• Plan on moving within five years
• Would like to keep loan if plans change

• For five years interest rate and payment remain the same.
• The loan is due in full at the end of five years
• The borrower has to refinance into a new loan using the current interest rates

• Plan on living in home for more than five years
• Willing to refinance at current market rates
• Plan on moving within five years
• Like stability in payments

• For three years interest rate and payment remain the same
• 8 Beginning in the fourth year, the interest rate is adjusted every three years (for 313 ARM) and every year (for 311 ARM)

• Plan on living in home for more than three years
• Seek stability in their monthly payments but can accept changes later
• Plan on moving within three years
• Would like to keep loans if plans change.

• Interest rate changes every year making monthly payments subject to change every year for the entire 30-year term of the loan

• Take advantage of lowest possible interest rate
• Willing to accept changes in payments yearly
• Unable to qualify for higher rate programs