The Richland Group at CFS Mortgage Corporation
 Excellence in Mortgage Lending

Rates change daily and the rate you receive will depend on your credit score and loan to value. Call us today to help you determine your interest rate.

 
Conventional Lending
FHA Lending
Jumbo Loans

Conventional Lending

Conventions loans are those loans up to $417,000 with at least 10% down or equity. These loans follow guidelines from Fannie Mae and Freddie Mac. Qualifying for this type of loan takes into account your income, assets and credit score.

This type of loan can have an term of 30, 25, 20, 15 and 10 years.

Term: 30 years   Maximum Amount: $417,000

FHA Lending

FHA loans are insured by the Federal Government. The loan limits are determined by the county you are purchasing or own your home in. There is an Up Front Mortgage Insurance Premium which is 1.75% of your loan amount. This premium can be added to your loan amount. In addition, there is a monthly premium of .55% of the the loan amount. Currently, FHA requires 3.5% down payment on a purchase.


Jumbo Loans

 Jumbo loans are those over $417,000. These loans typically have tighter guidelines since they are not backed by the Federal government.

Available loan are 30 Year Fixed, 7 Yr ARM, 5 Yr ARM

Term: 30 years   Maximum Amount: $2,000,000