5-Year Fixed Adjustable Rate Mortgage Conforming
	The 5-Year is a great choice if you plan on staying in your home for five years or less. It's also a great choice if you think rates will decline in the future. With the 5-Year ARM, the initial interest rate is fixed for five years and is often considerably lower than a fixed-rate loan with a comparable repayment schedule.
	Conforming Loan Facts The maximum loan amount for conforming loans is $252,700. Loan amounts above this limit are referred to as non-conforming or Jumbo loans. This limit is established by FNMA ("fannie mae") and FHLMC ("freddie mac"). Although both agencies are independent, they generally will adopt parallel guidelines (including loan limits). You can always make additional principal payments at any time without penalty.
	5-Year Fixed ARM Facts This loan has a 30-year term. The interest rate is fixed for the first five years then automatically converts to a one-year adjustable rate loan. The interest rate will adjust annually thereafter. You can request a complete disclosure from your Home Loan Advisor.
	5-Year Adjustable Rate Mortgage
	Loan Purpose	Can This Loan Be Used?	Largest Loan Amount 1 Unit	Minimum Equity  after loan is closed
	Buying a home    Standard Refinance   Refinance cash out	Yes Yes Yes	$252,700 $252,700 $252,700	10% 10% 25%