FINANCING OPTIONS

Learn about the financing options available to purchase your home.

Fixed rates for 30, 20, and 15-year contracts

Adjustable rates for 3/1, 5/1, 7/1, and 10/1 contracts

First-Time Homebuyer Program - allows as little as 3% down payment

A loan that conforms to Government-sponsored enterprise (GSE) guidelines

Property Type Maximum Base Conforming Home Financing Limits
1-Unit $453,100
2-Unit $580,150
3-Unit $701,250
4-Unit $871,450
Property Type Minimum and Maximum* Base Conforming Home Financing Limits
1-Unit $453,100 or $679,650
2-Unit $580,150 or $870,225
3-Unit $701,250 or $1,051,875
4-Unit $871,450 or $1,307,175

* These are the maximum potential home financing limits for designated high cost areas. Actual home financing limits are established for each county (or equivalent) and the home financing limits for specific high-cost areas may be lower. The original principal balance of a contract must not exceed the maximum home financing limit for the specific area in which the property is located.

Single Family Homes

Condominiums

Townhomes

Planned Unit Developments

Multi-unit (2 to 4 units)

Owner Occupied

Second Home

Non-owner Occupied (Investment Property)