1/1-Year2 Adjustable Rate Mortgage – offered with either 15- or 30-year terms |
Fixed Term |
12 months |
Periodic Rate Change |
+/- 1% |
Lifetime Rate Cap |
+ 5% |
Margin |
2.5 |
1-year CMT Index |
fluctuates weekly |
3/1-Year Adjustable Rate Mortgage – offered with a 30-year term |
Fixed Term |
36 months |
Periodic Rate Change |
+/- 2% |
Lifetime Rate Cap |
+ 6% |
Margin |
1.75 |
1-year LIBOR Index |
fluctuates daily |
5/1-Year Adjustable Rate Mortgage – offered with a 30-year term |
Fixed Term |
60 months |
Periodic Rate Change |
+/- 2% |
Lifetime Rate Cap |
+ 5% |
Margin |
1.75 |
1-year LIBOR Index |
fluctuates daily |
7/1-Year Adjustable Rate Mortgage – offered with a 30-year term |
Fixed Term |
84 months |
1st Periodic Rate Change |
+/- 5% |
2nd Periodic Rate Change |
+/- 2% |
Lifetime Rate Cap |
+ 5% |
Margin |
1.75 |
1-year LIBOR Index |
fluctuates daily |
1 Please contact our Mortgage Consultants for more information.
2 We also offer financing for Construction Draw mortgages under the 1/1 ARM program only.
Rates, terms, and information are subject to change at any time. Rates and/or points are based on several factors including but not limited to: property type, loan to value, loan purpose, credit score and subordinate financing. Rates apply to loans up to Fannie Mae's conventional mortgage loan limits. Mortgage loan payment example: 10 year fixed 0 points of $9.32 per $1,000 borrowed at the 2.544% APR; 15 year fixed 0 points of $2.581 per $1,000 borrowed at the 2.581% APR; 20 year fixed 0 points of $5.43 per $1,000 borrowed at the 2.918% APR; 30 year fixed 0 points of $4.15 per $1,000 borrowed at the 2.987% APR. Payment amounts shown are representative of principal and interest only and do not include taxes and insurance, therefore actual payment amount is greater and varies from those shown. Loan amounts greater than 80% LTV are subject to meeting private mortgage insurance requirements. Please contact us for specific rate information, mortgage loan limits or down payment requirements at 800.237.7328, extension 3864.
Please Note: Certain loans may be subject to additional pricing and other restrictions.
*Maximum LTV requirements are subject to change at any time. Some products may require minimum credit scores, member to be a first-time homebuyer, or income limits to qualify for maximum LTV loans. All loan amounts greater than 80% are subject to meeting private mortgage insurance requirements.
Condominiums and manufactured homes may have further restrictions. Some property locations may have additional restrictions. Please call our Mortgage Consultants for specific information.