Adjustable Rate Mortgage Loans
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| Primary Residence |
Rate |
APR* |
| 1 Year – Maximum Term 30 Years |
5.95% |
7.396% |
| 1% Cap per adjustment – 5% Lifetime Cap |
| Rate adjusted annually with COFI. |
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| 2 Year – Maximum Term 30 Years |
6.25% |
7.470% |
| 1% Cap per adjustment – 5% Lifetime Cap. |
| Rate adjusted every two years with COFI. |
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| 3 Year – Maximum Term 30 Years |
6.75% |
7.569% |
| 2% Cap per adjustment – 5% Lifetime Cap. |
| Rate adjusted every three years with COFI. |
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| Fixed-For-Five – Maximum Term 30 Years |
7.00% |
6.704% |
| 2% Cap per adjustment – 6% Lifetime Cap. |
| Fixed rate for five years, then adjusted annually with T-Bill Index. |
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| *Click here for product details |
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| No appraisal fees, no origination fees, no lender closing fees, no courier fees, no underwriter’s fees. |
| No prepayment penalty. Construction Loans: 2% prepayment charge if paid off in first 5 years. |
Fixed Rate Home Improvement and
Consumer Loans
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| See loan officer for rates and terms. |
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| * Annual percentage rates based on a $100,000 loan with a term of 30 years. |
| Terms and Conditions: Rates are based upon an 80% Loan-To-Value, $100,000 loan amount, 30-year term. Loan-To-Values above 80% could require Mortgage Insurance and will increase the APR. The APR calculation is based on 15 days pre-paid interest. P & I refers to the principal and interest portion of the total monthly payment. Taxes and insurance vary according to property location, and along with any Mortgage Insurance premium are added to principal and interest to arrive at the total monthly payment. The 30-year ARM, APR, and principal and interest are based on 360 monthly payments. Depending on ARM program, interest may be calculated at a premium or a discount rate. |
| Rates are subject to change due to market conditions. |
