Specialized Loan Programs

Loan Program	Features	Best For
Special Military Financing Programs	No down payment required Flexible income, debt, and credit requirements Special pricing for personnel responding to PCS orders	Active duty and retired military personnel, including reservists Veterans
Interest-Only Payment Feature	Lower monthly payments consisting only of interest during the initial period¹ Available with a variety of fixed- and adjustable-rate products	Homebuyers looking to increase their short-term cash flow Homebuyers who intend to move or refinance within a few years
Jumbo Loans	Mortgage amounts in excess of the conforming loan limit set by Fannie Mae and Freddie Mac Also known as non-conforming loans Typically carry higher interest rates	Homebuyers who need financing to purchase a more expensive property Investment-minded buyers who can make a large purchase, but want to leverage their assets more effectively
Blended Jumbo Loan	A fixed-rate loan up to the conforming loan limit, combined with an adjustable-rate second mortgage to cover the rest of your home purchase Lower monthly payments than with a regular jumbo loan for the same total amount	Buyers who want a jumbo loan amount with lower monthly payments
Axis Streamline Refinance	Provides streamlined, reduced-paperwork processing for those with strong credit and who meet other program eligibility requirements. Enables both income and assets to be stated, with no requirements for pay stubs, bank statements, or tax returns Available for purchase, refinance, or new construction of single-family, owner-occupied properties with a wide range of fixed and adjustable-rate mortgages	Homebuyers with good credit ratings Self-employed and commissioned homebuyers
Alternative Documentation Options	Alternate documentation options for income, debt, and credit Less hassle for self-employed customers or foreign nationals Financing for income property and unusual property types, such as condotels and log or earth homes	Self-employed customers, foreign nationals, and others who want to reduce the amount of paperwork that is traditionally required for a mortgage People interested in financing income properties or unusual property types
Bridge Loan	Financing to purchase a new home before the existing home is sold	Homebuyers looking for financing that allows them to temporarily own two homes at the same time.
First-and-Second-Mortgage Combination	Combines a first mortgage with a home equity loan Home equity loan can supplement down payment funds to bring the loan-to-value ratio down to 80%, bypassing mortgage insurance costs	Homebuyers without enough cash for a large down payment Homebuyers who don’t want to liquidate higher-yielding investments for a down payment
Lender-Paid Mortgage Insurance	Bypasses mortgage insurance costs when loan-to-value ratio is more than 80% Money that would have gone to mortgage insurance goes instead to tax-deductible interest payments³	Homebuyers without enough cash for a 20% down payment Homeowners who plan to move or refinance within 10 years Compare lender-paid and borrower-paid mortgage insurance.