| ARM rate guaranteed for 60 days after application is received. ARM is a discounted rate, ARM 5-1 fixed for five years, ARM 3-1 fixed for three years, before entering the variable rate period where the rate could change annually. |
| Loan Type |
Rate |
ANNUAL PERCENTAGE RATE |
Fees |
Amount Loaned / Amount Financed |
Maximum Term |
30 Year 3-1 ARM
2% and 6% caps |
6.125% |
5.245% |
Pass Thru Costs |
Up to 97% for Purchases
Up to 90% for Refinances
Maximum of $417,000.00 |
30 Years |
30 Year 5-1 ARM
2% and 6% caps |
6.500% |
5.564% |
Pass Thru Costs |
Up to 97% for Purchases
Up to 90% for Refinances
Maximum of $417,000.00 |
30 Years |
Jumbo Loans
30 Year 5-1 Arm |
8.250% |
6.451% |
1.0% loan fee plus closing costs |
Maximum 80% LTV for Purchases and Refinances
Jumbos are over $417,000.00 |
30 Years |
100% 30 Year 5-1 ARM
2% and 6% caps |
7.000% |
6.509% |
Pass Thru Costs |
Up to 100% for Purchases of primary residence
Maximum of $417,000.00 |
30 Years |
Land Loans
30 Year 5-1 Arm |
7.625% |
6.175% |
1.0% loan fee plus closing costs |
Maximum 75% LTV for Purchases and Refinances
Maximum of $417,000.00 |
30 Years |
Floating Home Loans
30 Year 5-1 Arm |
7.500% |
6.062% |
0.5% loan fee plus closing costs |
Maximum 80% LTV for Purchases and Refinances
Maximum of $417,000.00 |
30 Years |
Floating Home Loans
30 Year FIXED |
7.000% |
7.125% |
1.0% loan fee plus closing costs |
Maximum 80% LTV for Purchases and Refinances
Maximum of $417,000.00 |
30 Years |
Rentals
30 Year ARM 3-1 |
6.875% |
5.484% |
0.5% loan fee plus closing costs |
Up to 75% LTV - CASH OUT Refinance or Purchase
Maximum of $417,000.00 |
30 Years |
| effective
10/10/08
|