These loans meet Fannie Mae and Freddie Mac guidelines.  Various terms are available to fit your needs and include fixed and adjustable interest rates.  Fixed rate terms vary from 10 - 30 years.  Adjustable rates programs are fixed for an initial period of 3, 5, or 7 years and adjust annually thereafter.  Down payment requirements are higher than FHA, VA, and USDA programs, however loan limits are generally higher.

The APRs for this program are calculated based on a loan amount of $417,000 with prepaid finance charges of $1,514, points (as noted above), and closing costs of $4,279.

The requirements for this program are the same as for the Conforming Loans program noted above.

The APRs for this program are calculated based on a loan amount of $417,000 with prepaid finance charges of $1,412, points (as noted above), and closing costs of $4,279.

This loan program is for loans with a balance exceeding the conforming loan limits.  Borrowers must be well qualified and larger down payments are required.  Terms of 10, 15, 20, 25, and 30 years are available. Adjustable rate programs are also available.

Rates quoted are for fixed products only.  For additional information on adjustable rate loans, please contact us.

The interest rate and APR for this program are calculated based on a loan amount of $600,000 with prepaid finance charges of $2,912 and closing costs of $5,526.

This is a long term fixed rate program that offers lower down payment requirements.  Terms available are for 30 or 15 years.  Loan limits are generally lower than comparable conforming loan products.  An upfront mortgage insurance premium (financed into the loan amount) as well as monthly mortgage insurance premiums apply to this program.

Maximum loan amount listed is for Santa Fe County.  Loan limits vary by county.

The interest rate and APR are calculated for this program based on a loan amount of $416,996 with prepaid finance charges of $15,517 ($7,172 of this amount is the Upfront Mortgage Insurance Premium which is included in your loan amount) and closing costs of $3,882.  A credit towards closing costs (minimum credit under this scenario is $6,255) is also included with the interest rate quoted.  Contact any Mortgage Loan Officer for information on how you may receive a lender credit towards closing costs through this program.

This is a government guaranteed loan for qualifying veterans.  No down payment is required.  This program does not allow the veteran to pay for certain closing costs.  For more information regarding these fees, please contact any of our Mortgage Loan Officers.

VA jumbo loans are also available up to a loan amount of $650,000.  Please contact us for more information regarding this product.

The APR is calculated for this program based on a loan amount of $417,000 with prepaid finance charges of $12,753 ($5,838 of this amount is the Guaranty Fee which is included in your loan amount) and closing costs of $3,832.  A credit towards closing costs (minimum credit under this scenario is $6,255) is also included with the interest rate quoted.  Contact any Mortgage Loan Officer for information on how you may receive a lender credit towards closing costs through this program.

This is a government guaranteed loan.  No down payment is required.  The property must be in an eligible Rural Development eligible area.  There is a household income limit associated with this program.  An upfront and monthly guaranty fee are required with this program.

The interest rate and APR are calculated for this program based on a loan amount of $417,000 with prepaid finance charges of $16,521 ($8,510 of this amount is the Guaranty Fee which is included in your loan amount) and closing costs of $3,674.  A credit towards closing costs (minimum credit under this scenario is $6,255) is also included with the interest rate quoted.  Contact any Mortgage Loan Officer for information on how you may receive a lender credit towards closing costs through this program.

This product is for homeowners age 62 and over and may be a purchase or refinance.  Seniors can keep their homes and never make another mortgage payment.  The home must be a primary residence.  Counseling is required in conjunction with this program.  Contact us for more information.