Minimum down payment of 1% required.
Fixed principal/interest payment over the life of the loan.
Wide variety of loan terms to fit your home ownership goals (30,25,20,15 or 10 years).
Owner-occupied primary residence, second home, investment property, 1-4
A conforming loan amounts to $252,700 while a non-conforming loan amounts to $2 million.

Fixed rate fully amortizing loans have two distinct features. First, the interest rate remains fixed for the life of the loan. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term.  15 year and 30 year mortgages are the most common fixed rate loans.  A large percentage of the monthly payment is used to pay the interest during the early amortization period.  As the loan is paid down, more of the monthly payment is applied to principal. A typical 30 year fixed rate mortgage takes 22.5 years of level payments to pay half of the original loan amount.