Conventional

Conventional loans are not insured by the FHA or VA. Generally, these are a good option for homebuyers with higher credit scores and stable employment histories. Interest rates for conventional loans are usually some of the lowest available.

  • You may use a conventional loan to finance a property in a high-cost area
  • A variety of loan terms are available - you're not limited to 15- and 30- year terms

RELIEF REFINANCE

A Relief Refinance is designed to help you make your existing mortgage more affordable. For example, you may reduce your loan’s interest rate to reduce your monthly payments, refinance to a fixed-rate loan from an adjustable-rate mortgage (ARM), or reduce your loan’s term to save on interest.

  • Your home may not require a new appraisal
  • Self-employed borrowers may qualify
  • Allowed property types include single-family residences, condominiums and properties in Planned Unit Developments (PUDs)
  • You may add or remove a co-borrower

JUMBO LOAN

Jumbo loans are just that – larger amounts of funds for luxury properties and homes in high-cost areas. Generally, any loan that is over the high–cost loan limits set by the Federal Housing Finance Agency (FHFA) is a Jumbo loan.

  • Loan funds to $2.5 million may be available
  • Loan with fixed and adjustable rates (ARMs) are available 
  • A variety of loan terms are available - you're not limited to 15- and 30-year terms
  • Allowed property types include single-family residences, warrantable condominiums, properties in Planned Unit Developments (PUDs), co-operative units in the five boroughs of New York City