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Republic of Texas Realtors
8500 Shoal Creek Blvd, Bldg 4 Ste 100 Austin, TX 78757 Office: 512-338-0404 Fax: 512-276-8794 Email: info@homes-in-austin.com
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| LOAN PROGRAM TYPES | LOAN PROGRAM DEFINITIONS |
30, 20 and 15 Year
Conforming Fixed Rate |
Fixed For 30, 20 or 15 Years
For Life Of Loan |
7-23 and 5-25
Conforming Extendable Balloon |
Fixed For 7 or 5 Years; Then Option To Refinance For Remaining 23 or 25 Years |
| 10/1, 7/1, 5/1 and 3/1 Conforming ARM |
Fixed For 10, 7, 5 or 3 Years; Then Converts To 1 Year Treasury Bill ARM |
| 1 Year Conforming Treasury Bill ARM |
Fixed For 1 Year; Then Adjusts Annually |
| 6 Month Conforming LIBOR ARM |
Fixed For 6 Months;
Then Adjusts Every 6 Months |
| 30 and 15 Year Jumbo Fixed Rate |
Fixed For 30 or 15 Years
For Life Of Loan |
| 10/1, 7/1, 5/1 and 3/1 Jumbo ARM |
Fixed For 10, 7, 5 or 3 Years; Then Converts To 1 Year Treasury Bill ARM |
| 1 Year Jumbo Treasury Bill ARM |
Fixed For 1 Year; Then Adjusts Annually |
** To request more info, please fill out the following form:
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