Choosing a mortgage loan to purchase your next home can be an exciting and challenging task. Our Home Lending Officers are here to help. They’ll guide you through the benefits of fixed rate and adjustable rate mortgage options and ensure that you journey toward homeownership with confidence and ease.

Learn more about the benefits of each mortgage loan
from our simple comparison table.

 
Fixed Rate
(Conforming)
Fixed Rate
(Jumbo)
Adjustable Rate
(Jumbo)
Interest rate
Fixed Rate
(Conforming)
Remains the same for life of loan. Often higher than an adjustable rate mortgage.

Fixed Rate
(Jumbo)
Remains the same for life of loan. Often higher than an adjustable rate mortgage.

Adjustable Rate
(Jumbo)
Remains the same for a time, then may fluctuate based on benchmark economic index. Often lower than a fixed rate mortgage.

Payments
Fixed Rate
(Conforming)
Total monthly principal and interest typically remain the same for life of loan. Traditionally holds 15-, 20- and 30-year amortization terms.

Fixed Rate
(Jumbo)
Total monthly principal and interest typically remain the same for life of loan. Traditionally holds 15-, 20- and 30-year amortization terms.

Adjustable Rate
(Jumbo)
Total monthly principal and interest may change based on interest rate changes.

Benefits
Fixed Rate
(Conforming)
Ideal for buyer who plans to own their home for a long time, i.e., not planning to sell or refinance within the next 10 years.

Fixed Rate
(Jumbo)
Ideal for buyer who plans to own their home for a long time, i.e., not planning to sell or refinance within the next 10 years.

Adjustable Rate
(Jumbo)
Ideal for buyer whose housing needs may change in 10 years or less, i.e., may not be planning to keep property beyond the initial fixed rate period.

Additional factors
Fixed Rate
(Conforming)
Meets all eligibility requirements set by federal agencies Fannie Mae and Freddie Mac. Maximum loan amount can vary by location.

Fixed Rate
(Jumbo)
Loan amount larger than conforming loan limits set by Fannie Mae and Freddie Mac. Loan limits in high-cost areas can vary by location.

Adjustable Rate
(Jumbo)
Loan amount larger than conforming loan limits set by Fannie Mae and Freddie Mac. Loan limits in high-cost areas can vary by location.

Speak to one of our Home Lending Officers today.

Whether you're purchasing a home or refinancing your existing mortgage, you're in capable hands with our experienced Home Lending Officers who will help guide you through the process.1

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