My wife and I are planning to buy our first home around a year to two years from now, so we're still very much in the research stage of things. Our question is: does a mortgage have to have a 30 year term to qualify for the REI Gift100 program? Or could we use a 15 year mortgage? We'd be looking at a house in Broken Arrow for $150K max with a DTI, including mortgage payment, of 35% or less and a 15-20% downpayment.

Thanks!
-Taylor