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3/1 Arm
MAXIMUM Loan to Value:
purchase: 90%
refinance: 90%
cash out: varies
30 year amortization Rate is fixed for three years then adjusts
each year based on the 1
year treasury +2.75% or 3.00% Caps are 2% per year and 6% for
the term of the loan.
PROGRAM STRENGTHS:
Lowest qualifying rate of all Mortgages allows borrower to "qualify"
for the largest loan. A good combination of fixed rate security and
low starting rate.
PROGRAM DRAWBACKS:
Three years fixed may not be enough to give one "peace of mind".
RECOMMENDATIONS:
Great program for Jumbo Mortgages and those who plan on being in a
home for 3 to 5 years. Good program for anyone who believes that rates
will be lower at some point in the next five years.
Interest Rates
We offer you wholesale
rates that are to low to advertise...
This is
not a joke... We guarantee it.
Please call
and let us prove it to you!
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| Conforming
vs. Jumbo |
| # of units |
Conforming |
Jumbo |
| 1 Family Home |
$50 - $240,000 |
$240,001 and up |
| 2 Family Home(duplex) |
$50 - $307,100 |
$307,101 and up |
| 3 Family Home |
$50 - $371,200 |
$371,201 and up |
| 4 Family Home |
$50 - $461,350 |
$461,351 and up |
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