Maximum Loan amount for First Mortgages is $417,000
Maximum loan amount for Equity Products is $350,000
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Maximum loan to value ratio:
- 80%
- 75% - With cash
- 75% - Combined LTV Home Equity Line of Credit
- 75% - Combined LTV Mini Home Equity Loans
- Purchase Money
- Refinance
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Products:
- Fixed Rate- 10, 15, 20, and 30 year terms
- Variable Rate- 1 Year Adjustable, 3/1, and 5/1
- Home Equity Line of Credit
- Mini Home Equity Loans
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Rates:
- +1% over current Posted Rate for products offered
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Employment History:
- All borrowers MUST have a minimum of two (2) years employment history.
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Rate Lock-Ins:
- Closing rate is set 48 hours prior to closing if a lock-in has not been selected
- 30 day rate lock: ½ point, non refundable fee
- 60 day rate lock: 1 point, non-refundable fee
- 90 day rate lock: 1 ½ points, non-refundable fee
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Rate Buy-Downs
- 1 Point = ¼% Rate Reduction
- 2 Points = ½% Rate Reduction
- ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.
