Fixed Conforming (Loan Amounts up to $560,000)
Effective Date: Saturday, June 23, 2018
|
Program Name
|
Rate
|
Points
|
Annual Percentage Rate
|
Monthly Payment
per $1,000 Borrowed^ |
|
|---|---|---|---|---|---|
| 30 Years Fixed | 4.500% | 0.00% | 4.531% | $5.07 | |
| 25 Years Fixed | 4.375% | 0.00% | 4.410% | $5.49 | |
| 20 Years Fixed | 4.125% | 0.00% | 4.167% | $6.13 | |
| 15 Years Fixed | 3.750% | 0.00% | 3.803% | $7.27 | |
| 10 Years Fixed | 3.625% | 0.00% | 3.702% | $9.95 | |
| Lot Loan* | 5.625% | 1.00% | 5.904% | N/A |
* 15 year amortization with 5 year balloon. Purchase only. APR based on $100,000 loan with fees of $75 in APR.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.
# Above $1,000,000 other rates and terms may apply.
SUBJECT TO CREDIT APPROVAL
Adjustable Rate Mortgage (ARM) Conforming (Loan Amounts up to $560,000)
Effective Date: Saturday, June 23, 2018
|
Program Name
|
Rate
|
Points
|
Annual Percentage Rate
|
Monthly Payment
per $1,000 Borrowed^ |
|
|---|---|---|---|---|---|
| 7/1 ARM years 1-7* | 3.875% | 0.00% | 3.938% | $4.70 | |
| ...years 8-30 | 4.875 | 0.00% | 4.875 | $5.29 | |
| 5/1 ARM years 1-5* | 3.625% | 0.00% | 3.708% | $4.56 | |
| ...years 6-30 | 4.875 | 0.00% | 4.875 | $5.29 | |
| 3/1 ARM years 1-3* | 3.500% | 0.00% | 3.631% | $4.49 | |
| ...years 4-30 | 4.875 | 0.00% | 4.875 | $5.29 | |
| 1/1 ARM* | 3.375% | 0.00% | 4.742% | $4.42 |
* Interest rate is fixed during the initial period, then converts to a 1 Year Treasury ARM. Initial periods are: 7/1 ARM - 84 months; 5/1 ARM - 60 months; 3/1 ARM - 36 months; 1/1 ARM - 12 months. Payments are amortized over 30 years. After the Initial Period, the rate may vary and the payment may increase.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.
# Above $1,000,000 other rates and terms may apply.
Jumbo Fixed (Loan Amounts $560,001 to $1,000,000)
Effective Date: Saturday, June 23, 2018
|
Program Name
|
Rate
|
Points
|
Annual Percentage Rate
|
Monthly Payment
per $1,000 Borrowed^ |
|
|---|---|---|---|---|---|
| 30 Years Fixed | 4.625% | 0.00% | 4.634% | $5.14 | |
| 25 Years Fixed | 4.500% | 0.00% | 4.510% | $5.56 | |
| 20 Years Fixed | 4.250% | 0.00% | 4.262% | $6.19 | |
| 15 Years Fixed | 3.875% | 0.00% | 3.891% | $7.33 | |
| 10 Years Fixed | 3.750% | 0.00% | 3.773% | $10.01 |
* Interest rate is fixed during the initial period, then converts to a 1 Year Treasury ARM. Initial periods are: 7/1 ARM - 84 months; 5/1 ARM - 60 months; 3/1 ARM - 36 months; 1/1 ARM - 12 months. Payments are amortized over 30 years. After the Initial Period, the rate may vary and the payment may increase.
** 15 year amortization with 5 year balloon. Purchase only. APR based on $100,000 loan with fees of $75 in APR.
^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.
# Above $1,000,000 other rates and terms may apply.
Jumbo Adjustable loans available also.
SUBJECT TO CREDIT APPROVAL
