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Fannie Mae and Freddie Mac maximum loan limit is $417,000. This is significant in that buyers searching for larger more expensive homes can now utilize the conforming loan rates in financing their purchase.
We offer Conforming and Jumbo financing to $3.0 million. In addition to 30 and 15 year fixed rate programs we have ARM programs with interest rates fixed for 3 years, 5 years and 7 years.
Another mortgage choice growing in popularity is the interest only financing option. These programs are available as either Fixed rates or ARMs with interest only payment options.
Department of Housing and Urban Development
The Department of Housing and Urban Development (HUD) can provide you with information about various loan types and government assistance programs available to help you purchase a home.
Federal Reserve Board Consumer Information
The Federal Reserve Board has provided various pamplets filled with information to make you a more informed consumer when going to purchase a home.
BNC National Bank
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Ph: 602-508-3763 or 866-305-9639
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