Cambria Mortgage Loan Options
Fixed-Rate Conventional Mortgage
A fixed-rate mortgage provides security knowing that your principal and interest payment will remain the same for the entire term of the loan.
The U.S. Department of Veteran Affairs will guarantee loans to help qualified veterans, reservists and active-duty service members finance their homes. VA loans require no down payment and offer more flexible qualification requirements. To learn more, visit our VA Loan page.
The Home Affordable Refinance Program (HARP) allows homeowners to refinance their Fannie Mae or Freddie Mac mortgage at today’s low interest rates even in instances when the mortgage balance exceeds the value of the home.
Adjustable-Rate Conventional Mortgage
An adjustable-rate mortgage (ARM) has an interest rate that is fixed for an initial period and then adjusts periodically based on market conditions. During the initial period, an ARM typically has a rate lower than comparable fixed rates.
A jumbo loan is a mortgage that exceeds the conventional loan limits (currently $417,000) and can be either a fixed or adjustable rate.
The Federal Housing Administration (FHA) established a loan program to advance home ownership opportunities for those with limited down payment funds. FHA loans require a 3.5% down payment on purchase loans and will refinance loans to 97.75% Loan to Value.
Use these tools to see what your payments would be with different loan amounts, interest rates and down payments. Contact a Cambria Mortgage consultant to discuss your loan options.
Our Mortgage Team
Cambria's mortgage consultants have the flexibility to offer the best rates on the market. Please contact one of our mortgage consultants at 952-942-0110 for a complete list of our mortgage programs.