ASB Home Loan Center


		Conventional Conforming Loan »
		A Conventional Loan does not exceed $417,000.00 and is not insured by the Veterans Administration, Farmers Home Administration or by the Federal Housing Administration.

		Jumbo Loan »
		This is a loan that exceeds $417,000.00.

		Fixed Rate Loan »
		A fixed rate loan provides you with a fixed interest rate over the term of the loan.

		Adjustable Rate Loan »
		An Adjustable Rate loan provides you with a interest rate that is adjustable.

		Buy Down Loan »
		This is a loan where the lender and/or homebuilder subsidizes the mortgage by lowering the interest rate during the first few years of the loan. While the payments are initially low, they will increase when the subsidy expires. These are sometimes used to qualify borrowers for a loan amount that they would not otherwise qualify for but will be able to pay in subsequent years as their income increases.

		Government Loan »
		A loan that is insured by the Veterans Administration, Farmers Home Administration or by the Federal Housing Administration, which also requires a lower down payment. * annual percentage rate