Non-Conforming Mortgage Loan Programs
Find the Right Mortgage Program for You
In addition to conventional, FHA, VA and RD mortgage loans, Arvest Bank - Mortgage Division offers Non-Conforming loans such as Jumbo Loans, Physician Loans, Non-Conforming Standard Loans and Condominium Financing.
Jumbo Loans
Jumbo loans offer financing for more expensive homes greater than $424,100 in most areas of the US. These loans typically have a higher interest rate than conventional loans due to the increased risk of larger homes for lenders, but offer flexible financing features.
Benefits of a Jumbo Loan include:
- Financing for loan amounts up to $2.5 million
- Variety of fixed rate and adjustable rate loan options
- Blended Jumbo option which combines a mortgage and home equity line of credit
- May qualify for additional benefits through our Private Banking Team
Physician Loans
Physician loans are designed to help new resident, or new attending physicians such as MD’s, DO’s, OD’s, DC’s, and DVM’s purchase a home.
Benefits of a Physician Loan include:
- Offers up to 100% loan to value
- Flexible underwriting guidelines
- No mortgage insurance
- Residency program
Non-Conforming Standard Loans
Our Non-Conforming Standard loan product does not have to meet FHA or Conventional property guidelines. These are loans to individuals or trusts for household, family or other personal (non-business) purposes.
Benefits of a Non-Conforming Standard Loan include:
- Flexible underwriting guidelines
- Quick approval process
Condominium Loans
Condominium loans are targeted toward individuals who want to purchase housing units in a condominium building.
Benefits of a Condominium Loan include:
- Will allow with non-occupying co-borrower
- Down payment can be a gift
- Combined loan to value limit can go up to 90%
- Must meet FHA or Conventional property guidelines