Conventional Fixed Rate Program fills these needs:

Borrower Need	Feature
Payment Security	Rate is fixed for life of loan
Convenience	Apply online now!
Speed	-- Easier documentation requirements -- Same day pre-qualification/pre-approval*
Special Advantages	Offers a fixed rate over the life of the loan with fixed payments of principal and interest No payment shock, as with an ARM (Adjustable Rate Mortgage) No prepayment penalty Several LTV options that can help determine interest rate and/or downpayment Automated underwriting for faster approval and easier documentation No PMI with less than 80% LTV

FHA (Federal Housing Administration)-insured mortgages are in high demand because of the many advantages they hold for homebuyers and refinancers, among them assumability, low down payments and liberal qualifying ratios. Also, FHA borrowers do not have to meet maximum income qualifications, as with many other government programs. Maximum loan amounts, however, are set by region across the country.



FHA Fixed Rate Program fills these needs:

Borrower Need	Feature
Low Cash to Close	Approximately 97% financing Seller can contribute up to 6% of sales price to help with closing costs and prepaid items without affecting downpayment requirement 100% gift down payment -- seller, builder, relative, or employer Up-front Mortgage insurance can be financed No cash reserves required after closing
Home Affordability	Seller can pay the interest portion (up to 6%) of the borrower's mortgage payment for a specified number of months in some states More lenient qualifying ratios Will consider compensating income factors (i.e. room mate income) Non-occupant co-borrowers eligible to help with qualifying Alternative income sources must continue only 3 years
Easy Qualification	No cash reserves required after closing More lenient qualifying ratios Child-care costs not considered in debt ratio Alternative income sources must continue only 3 years
Convenience	Apply online now!
Speed	We underwrite our own FHA loans* -- Alternative credit documentation program -- easier documentation requirements* -- Same day pre-qualification/pre-approval*

Note: You may want to consider another product if:
Your down payment is 20% or more (FHA requires mortgage insurance regardless of loan-to-value ratio.)
You need a higher loan amount than FHA allows

The Jumbo Fixed Rate Program fills these needs: Borrower Need Feature Home Affordability Higher loan amounts More liberal ratios for loans with loan-to-value ratios 90% or less Convenience Apply online now! Speed -- Pre-qualification/pre-approval in less than 24 hours Features Streamlined refinance options Avoid mortgage insurance by using this program with a Combo loan Avoid mortgage insurance by using this program "No MI" option Relocation feature . Competitive rates make our jumbo programs attractive and practical. First Priority Mortgage offers jumbo loan programs for the homeowner who wants the security of a fixed rate loan and whose loan amount exceeds the "conforming" loan limit of $417,000.00