Conventional Loans
Secured by government sponsored entities (GSE) such as Fannie Mae and Freddie Mac, Conventional Loans can be made to purchase or refinance homes with first and second mortgages on single family to four family homes.

In general, Fannie Mae and Freddie Mac's single family, first mortgage loan limit is $417,000 in 2006. This limit is reviewed annually and, if needed, changed to reflect changes in the national average price for single family homes. The current loan limit applies to all conventional mortgages delivered after January 1, 2006.

Jumbo Loans
Loans which are larger than the limits set by Fannie Mae and Freddie Mac are called jumbo loans. Because jumbo loans are not funded by these GSE, they usually carry a higher interest rate and some additional underwriting requirements.

Ask your loan officer about our in-house and secondary market jumbo financing options.