BancMac Home

× BancMac

Not yet a BancMac Partner?
Register Here

BancMac Products & Programs

Conventional Loans

A conventional loan is a mortgage which meets the underwriting guidelines of Federal National Mortgage Association (FNMA), known as Fannie Mae; or Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac, as opposed to a government-backed loan. Options include FIXED RATE Mortgages with terms from 10-30 years; HomeReady® which is an Affordable Financing Option to serve Low-to moderate-income Borrowers; and ARM’s. Documented gift funds from a relative are allowed to be used for down payment and/or closing costs.

2020 Conventional Conforming Loan Limits: Units (1) $510,400 (2) $653,550 (3) $789,950 (4) $981,700


Non-Conforming Loans (JUMBO) – Servicing Released

A non-conforming loan, also known as a jumbo loan, is a mortgage loan which exceeds the maximum loan limits established by Fannie Mae and Freddie Mac. See above. The interest rates on jumbo mortgages are typically higher than conforming mortgages.

Another option to meet your borrowers lending needs may be a conforming first mortgage (through BancMac) that can be paired with a Portfolio Second Mortgage (through your bank). See the Mortgages with Subordinate Financing LLPA Matrix. Often the rates on conforming with the applicable LLPA’s may be better for your borrower than a Jumbo Rate option.


Rural Living® Home Mortgage – (Servicing Released program)

This program is dedicated to provide long-term financing for non-conforming secondary market hobby farm properties, with agricultural characteristics.


Government Loan Programs

USDA - GRH (Guaranteed Rural Housing Loans), RD (Rural Development)

A rural housing loan is a government mortgage loan guaranteed by the U.S. Department of Agriculture (USDA), which allows 100% financing. Documented gift funds from a relative are allowed to be used for down payment and/or closing costs. The home must be located in a designated USDA area and the borrowers must have certain income limits to qualify.

VA Loans

A VA loan is a government mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) and issued by qualified lenders. VA loans are made to active duty and honorably discharged veterans and their un-remarried widows or widowers. VA loans require no down payment and offer low interest rates. Documented gift funds from a relative are allowed to be used for down payment and/or closing costs. VA loans are assumable for owner-occupied borrowers.

FHA Loans – (Available under a United Community Bank broker program) - may be Servicing Released by UCB

An FHA loan is a government mortgage loan guaranteed by the Federal Housing Administration (FHA). FHA require lower minimum credit scores and down payments than many conventional loans.

©2020 BancMac

Community Banc Mortgage Corp.
An Equal Housing Lender
BancMac is a registered Service Mark of Community Banc Mortgage Corp.

EHL-FDIC-NMLS 571147