The initial fixed principal and interest payment combined with interest rate caps offers a significant level of protection against rising interest rates. This loan is a good choice for first time and move-up home buyers. This loan has a higher rate than the other ARMs but offers a discount to the 30 year fixed. The 5 and 7 year balloon loans offer fixed principal and interest payments based upon a 30 year amortization. Ask about our conditional right to refinance which extends the maturity of the balloon loan to the end of the amortization term.
Balloon loans offer significant value to customers who relocate frequently in their careers.
Building your own home is exciting but complex work. Finding a building lot, deciding on floor plans, hiring a contractor and obtaining financing can be a complicated task. Our construction loan financing can ease the job by providing a single closing for your construction and end-loan needs. The combined construction and end-loan lets you concentrate on your building project. Our experienced loan officers can help walk you through the process step by step.