More insightful commentary appears on my home page.  As always, my conforming rates are ordinarily lower than the national averages indicated in the table below.

Jumbo loan rates generally average .50% higher than conforming interest rates.

2008 CONFORMING LOAN LIMITS

• 1 unit - $417,000
• 2 unit - $533,850
• 3 unit - $645,300
• 4 unit - $801,950

Click for FHA Loan Limits

Non-conforming rates: are priced on a case-by-case basis, and are dependent upon many critical factors including not only the qualifications of the borrower(s), but also the qualifications of the subject property.

Commercial Loans: are also priced on a case-by-case basis.  Unlike your local bank, we offer a variety of programs including loans that are underwritten more like residential mortages than the traditional commercial process.  We offer financing or 90% to 97% LTV (with strong credit and assets).  We even cater to those with less-than-stellar credit, and can provide loans as high as 70% LTV which will allow seller carry-backs to 90% CLTV. Our current programs feature 15, 20, 25, and 30 year amortization schedules.

Changes in Minnesota Mortgage Lending law, effective August 1st, 2007, may affect your ability to qualify.  Negative amortization loans and Pre-Payment Penalties are no longer permissible in Minnesota on primary residences, unless the lender is Federally chartered.  Adjustable Rate Mortgages must now qualify at their Fully Index Rate -- this will limit your ability to borrow.