Conforming Mortgage
Conforming
Loan Amount Up to $417,000 |
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| Product |
Rate |
APR |
| 15 Yr Fixed |
3.750% |
3.978% |
| 30 Yr Fixed |
4.375% |
4.511% |
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Conforming loans have the best rates available but require that your loan amount be below the current limit set by Fannie Mae.
We offer both fixed rate and adjustable rate conforming programs, as well as interest-only loans.
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Program Highlights
- Loan amount less than $417,000 (1-unit home, excludes HI and AK)
- Loan amount less than $625,500 (1-unit home, HI and AK only)
- Loan amount to be less than 80% of the home’s appraised value
- Credit score above 680
- Total monthly debts not to exceed 45% of combined monthly gross income
- Proof of income sufficient to support the debt requirements
- Available with purchase or refinance transactions
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Conforming refinance loans may feature the ability to reduce your monthly payment, consolidate your debt, or to get cash out of the home.
| Call us now
888-546-BOFI (2634) |
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