Conventional Loans

Now more than ever, it's critical that you find the right mortgage -- the one you can afford today and into the future. Seattle Mortgage Company, an affiliate of Seattle Bank, offers an array of loan programs to select from in determining what will best fit your personal needs. Take a look at our offerings and see how we may help you purchase a new home or refinance your current property.

Summary

• Fixed-rate loans with terms up to 40 years
• Adjustable-rate loans (ARMs)
• Interest-only loans
• Condominium loans
• Jumbo loans

More Info

Conventional loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac guidelines establish the maximum loan amount, borrower credit, and income requirements, down payment, and suitable properties. Fannie Mae and Freddie Mac announce new loan limits every year. The 2008 conforming loan limits for first mortgages remain at the limits set in 2006 and 2007:

• One-family: $417,000
• Two-family: $533,850
• Three-family: $645,300
• Four-family: $801,950

Learn more about these programs and contact a Seattle Mortgage Company branch today.