Conventional variable rate mortgage s offer low initial interest rates that are subject to upward or downward adjustments over time, based upon changes to an index* that is established when you close your .

The benefits of a variable rate include:

• Competitive pricing – see today’s rates.
• Financing up to 95% to value.
• Lower payments in the early years, which may allow you to afford a larger amount.
• Flexible terms from 10 to 30 years depending on your needs.
• An interest rate that is fixed for the first several years (3-7 depending on your program), which allows you to budget your payment. Then, the interest rate becomes variable annually thereafter. This makes a variable rate mortgage a good value for borrowers who don’t intend to stay in their home for longer than the initial fixed rate period
• Interest rate adjustments that are capped at the following limits to provide for some protection from payment changes:

There are two main types of conventional mortgages:

1. Conforming - for amounts up to $417,000 that are underwritten according to Fannie Mae guidelines.
2. Jumbo - for amounts $417,001-$650,000 that are underwritten according to TruStone guidelines.

Both Conforming and Jumbo s are serviced by TruStone, so you can always contact us with questions at 763.595.4010 or 800.862.1998.

*Currently, the index associated with TruStone’s First Mortgages with Variable Rates is the LIBOR (London Interbank Offer Rate).

Loan payment example: a $150,000 first mortgage  at 4.359% APR for 360 months (30 years) will have a monthly payment of $737.87

Mortgages & Home Equity Loans

• Mortgage Rates
• About Mortgage Lending Services
• First Mortgages With Fixed Rates
• Home Affordable Refinance Program (HARP)
• First Mortgages With Variable Rates
• Home Equity Loans

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