Comforming:
Loan Amounts up to $417,000.00.
Jumbo:
Loan Amounts $417,001.00 to $2,000,000.00.
3/1 CMT ARM:
3 year fixed rate, thereafter adjusting annually at CMT* +
3.0% with 2/2/6 CAPS.
5/1 CMT ARM:
5 year fixed rate, thereafter adjusting annually at CMT* +
3.0% with 2/2/6 CAPS.
7/1 CMT ARM:
7 year fixed rate, thereafter adjusting annually at CMT* +
3.0% with 2/2/6 CAPS.
*CMT:
Constant Maturity Treasury.
APR1:
The APR calculation is based on a loan amount of $150,000 for the purchase of a primary residence,
with 80% Loan-to-value (LTV), approximately 15 days prepaid interest, $350 title settlement fees,
$750 document preparation fee, $15.00 flood determination fee, plus points shown for a 25 day lock.
APR2:
The APR calculation is based on a loan amount of $750,000.00 for the purchase of a primary residence,
with 80% loan to value, approximately 15 days prepaid interest, $350.00 title settlement fee and $15.00
flood determination fee and a 0.5% origination
fee, plus points shown for a 25 day lock. |
