conventional mortgage

What kind of "hybrid repayment plan" are you talking about? When sub-prime lending was done away with so were all of the creative plans that went with them...today you either have ARM's, fixed or maybe some int only but I'm not aware of a combination plan...mortgages aren't buffets.

Some lenders require a 640 vs. a 620 score to do an ARM under FHA, and some lenders require a 680 vs. 660 on conventional... so yes.. Higher credit scores do help.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Still not too clear as to what you are asking? What exactly are you looking for and why? What type of benefit are you trying to attain?

The industry no longer refers to them as Hybrid. ARMS come in 3, 5 and 7 year initial fixed terms, and yes, they are still available. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com 888-889-9950

Are you talking about a graduated payment plan? An ARM with an interest only feature in the first X amount of years? There are many different things that spring to mind for a professional when you use the term 'hybrid'. So, basically I'm saying you are asking a loaded question and we need more specifics about what you want to know. There are interest only loans that are fixed for 30 years and typically those carry higher rates than fully amortized products. There are interest only loans that also have adjustable rate features and many other "hybrid" features. Please provide us with more information and I'm sure the community here is happy to help you further.

All ARMS start with a fixed interest rate for a certain period of time. Then they adjust after the initial fixed period is up. You can get ARM's for 1, 3, 5, 7, and 10 years and most of them are set up on 30 year payment schedules. That means that you would calculate the payment like you would for a 30 year fixed loan and that's the payment you'll have to make. ARMs are typically lower rates than 30 year fixed loans. 15 year fixed loans are more in line with 5 and 7 year ARMs but there is not really a good rule of thumb for ARMs. Some lenders create their pricing sheets in such a way that certain borrowers must pay points to get any interest rate, and other borrowers don't have to pay points. For example, a borrower with an 800 credit score might get a rate that is .25% lower than a borrower with a 660 score on a 30 year fixed loan or the 660 borrower would have to pay points to get the same rate as the 800 borrower; on an ARM the pricing sheet sometimes won't let you increase the rate to offset the points so there is no choice for the borrower. In the 30 year fixed scenario I can offer the borrower a higher rate instead of having them pay points and they can make the choice.

More info needed here. The use of the term "hybrid" implies pre-meltdown programs. However, there are still ARM's that fit scenarios that may work for you. Jumbo? I guess you could use the term Hybrid. Conventional, we don't use that term. Please supply more information for all of us attempting to source your needs.