Maximum loan amount: $350,000
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Maximum loan to value ratio:
- 75%
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Term:
- 0 to 120 months, minimum loan $10,000
- 121 to 180 months, minimum loan $20,000
- 181 to 240 months, minimum loan $30,000
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Closing Costs:
- No closing costs up to 100,000
- For loan amounts of $100,001 up to product maximum, the member will pay mortgage tax.
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Title Fee:
- For loan amounts up to $100,000, title fee is $119.
- For loan amounts of $100,001 to $250,000, title fee is $145.
- For loan amounts of $250,001 to $350,000, title fee is $209.
A title fee of $28.00 will be collected at the time of commitment and balance will be due at closing.
- Appraisal will be required.
- New York property only.
