At First Lenders, we assist you with determining the best mortgage product to fit your personal needs. We have five main loan programs that are offered. These programs feature:

•  Fixed interest rates
•   No Pre-payment Penalty
•  Choice of terms (10, 15, 20, 25, or 30 years)
•  VA & FHA Loans are assumable
•  Adjustable Rates
•  Balloons

A conventional loan is a mortgage loan, which is not insured or guaranteed by any agency of the state or federal government. Many years ago, the only loans available for housing were conventional loans with very short terms of 3-5 years with balloon payments and high down payment requirements of as much as 50% down.

• Loan limit is up to $417,000.00 for most conventional loans, but it is possible to borrow up to $2,000,000
•  Jumbo Loans
•  Interest-only loans

Back to Mortgage Options