The following is a listing of our most popular loan programs. We are constantly adding new programs to serve our customers better. Please contact a MorNext home loan advisor for information on any loan program not listed below. First Mortgages Conventional Loan Programs Conforming – Loan amounts up to $252,700 (1 Unit) Non-Conforming – Loan amounts from $252,701 to 2 million Both conforming and non-conforming loans are available with the following fixed rate terms: 30 year fixed 20 year fixed 15 year fixed 10 year fixed Additionally, conforming and non-conforming loans are available with many adjustable rate options: 3/1 ARM - Fixed for three years and automatically converts to an adjustable rate loan. 5/1 ARM – Fixed for five years and automatically converts to an adjustable rate loan 7/1 ARM – Fixed for seven years and automatically converts to an adjustable rate loan 10/1 ARM – Fixed for Ten years and automatically converts to an adjustable rate loan 1 year ARM – Begins and ends as an adjustable rate loan Government Loan Programs FHA Loans – Unique program administered by the Federal Housing Administration. Maximum loan amounts are determined by the county where the property is located. Contact your MorNext.com representative for details or visit the FHA loan limit calculator site. VA Loans – Loan program administered by the Veterans Administration for eligible participants.       Visit HUD for more information and to determine your qualification amount. Non-Conventional loans (loans to borrowers who have had past or current credit challenges) 30 and 15 year fixed 2/28 ARM – Fixed for two years and converts to an adjustable rate loan Six Month ARM – An adjustable rate loan which will adjust (up or down) every six months. Second Mortgages Fixed 15 year second mortgage Home equity line of credit Piggyback fixed rate second mortgages – Completed concurrently with the first mortgage (usually on a purchase) to eliminate mortgage insurance. Piggyback home equity line of credit – same as previous piggyback with an open-ended line of credit based on the prime rate. 125% second mortgages – Little or no equity required to borrow money for debt consolidation and home improvements. Non – Conventional second mortgages for borrowers with past or present credit challenges.