Loan Types

Helping you choose the right loan for your budget. Weather you are purchasing or refinancing, Highland Federal offers a variety of loans to meet your criteria.
 
Conforming Loans (amount less than or equal to $417,000)
30, 20, 15 and 10-year terms are all available with fixed rate.
Buy a home with as little as 5% down (primary home).
Monthly payments remain the same for the entire loan term.

3/1, 5/1, and 7/1 ARMs. Monthly payments based on a 30 year repayment schedule.
The rate remains fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjust annually thereafter.

The interest rate remains fixed for 3, 5 or 7 years, depending on the term.
A flexible payment amount lets you control your cash flow in any given month.


shortapp.php
 
Jumbo Loans (amount $417,000 or greater)
Monthly payments remain the same for the entire loan term.
Refinance up to 95% (restrictions may apply).


Monthly payments based on a 30 year repayment schedule.
The rate remains fixed for the first 3, 5, or 7 years (depending on chosen term), and then adjusts annually thereafter.

 
Government Loans
3.50% down payment required on purchase.
Minimum credit score usually 620.