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30 due in 5 Balloon Loans - The 30/5 Balloon Program is a mortgage that lasts for 5 years and is amortized over 30 years. This program is available with conforming and jumbo maximum loan amounts. This fixed rate, fixed payment mortgage includes conditional refinancing criteria. Eligible properties include single family residences, PUD's and condos, and second homes. NOTE: these and other loans generally are not assumable |