Our Array of Home Loan Products

Conforming Loans

Whose maximum loan amount is below $453,100 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $453,100 with closing costs of $8,340.

Jumbo Loans

Whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.

Fixed Loans

Fixed-rate fully amortizing loans are the most popular type of mortgage loan, as they offer a monthly payment that does not change over time and result in a portion of the loan’s principal being paid down every month. Many borrowers find fixed-rate home loans to be the best mortgage for their needs. Nearly all mortgage lenders including mortgage bankers and mortgage brokers, offer fixed-rate mortgages in all of their Conventional, FHA, VA and Jumbo loan products. Most fixed-rate mortgages are for loan terms of 15 or 30-years. A 30-year amortizing loan typically has lower payments than a 15-year loan, but a slightly higher interest rate than a 15-year loan. To pay off a fixed-rate loan sooner, check with your servicing lender to ensure these extra principal payments are accounted for in the correct manner so they get recorded correctly to your account. Most monthly mortgage statements have a box for you to enter the amount of extra principal you are making. In most circumstances, you should be permitted to make these additional principal payments anytime and for any amount, and without penalty.

Term: 30 Years

Here at Silver Oak Funding, our focus is on getting you the right loan and the right terms to fit your situation. A mortgage is a big commitment and you need an experienced professional guiding you through the process, answering your questions so that you’ll know with confidence that you made the right choice.

Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii, and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii, and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.