Non-Conforming Home Loans

A non-conforming loan is any loan that does not conform with the loan guidelines for
Fannie Mae or Freddie Mac

• -5% down payment program
• -10% down payment program
• -Primary Residence, Second Home, Investment Property
• –Self-employed bank statement programs
• –Asset based programs
• –Debt Coverage Ratio programs for investment properties

Fixed Rate Term
30, 25, 20, 15, and 10-year terms
The fixed rate loan is fully amortized over the term of the fixed rate period.

Adjustable Rate Terms
10/1, 7/1, 5/1, 3/1
-loans are amortized for a specific period, typically 30 years.

The initial fixed rate period may range from three years to ten years. At the end of the
fixed period, the interest rate will adjust annually, with a cap on how high and low the
rate may adjust. The loan is amortized over a 30-year term.