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| 40 year Fixed Rate Mortgage |
| 30 year Fixed Rate Mortgage |
| 20 year Fixed Rate Mortgage |
| 15 year Fixed Rate Mortgage |
| 10 year Fixed Rate Mortgage |
| 1 year Adjustable Rate Mortgage |
| 3 year Adjustable Rate Mortgage |
| 5 year Adjustable Rate Mortgage |
| 7 year Adjustable Rate Mortgage |
| Construction Loan |
| Jumbo 30 year Fixed Rate Mortgage |
| Jumbo 15 year Fixed Rate Mortgage |
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40 year Fixed Rate Mortgage
Term: 40 years
Maximum Amount: $417,000
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30 year Fixed Rate Mortgage
Term: 30 years
Maximum Amount: $417,000
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20 year Fixed Rate Mortgage
Term: 20 years
Maximum Amount: $417,000
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15 year Fixed Rate Mortgage
Term: 15 years
Maximum Amount: $417,000
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10 year Fixed Rate Mortgage
Term: 10 years
Maximum Amount: $417,000
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1 year Adjustable Rate Mortgage
Your payment can change annually based on changes in the interest rate. The interest rate will be based on the weekly average yield on U.S. Treasury Securities, adjusted to a constant maturity of one year (your index) plus our margin; the result then rounded to the nearest 1/8th of 1% (.125%). Information about the index is published weekly in the Wall Street Journal and monthly in the Federal Reserve Bulletin. Your interest rate cannot increase or decrease more than two (2) percentage points at each adjustment. Your interest rate cannot increase or decrease more than six (6) percentage points over the term of the loan. You will be notified in writing at least twenty-five (25) days begore the annual adjustment may be made. This notice will contain information about your interest rates, payment amount, and loan balance.
Term: 30 years
Maximum Amount: $417,000
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| | 15 Year Amortization - For example, on a $10,000, 15-year loan with an initial rate of 6.25%, the rate in effect in July 2001, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 12.25%, and the monthly payment can rise from a first year payment of $85.74 to a maximum of $117.54 in the fourth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $85.74 = $514.44 per month.
30 Year Amortization - For example, on a $10,000, 30-year loan with an initial rate of 6.25%, the rate in effect in July 2001, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 12.25%, and the monthly payment can rise from a first year payment of $61.57 to a maximum of $103.20 in the fourth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $61.57 = $369.42 per month. |
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3 year Adjustable Rate Mortgage
Your payment can change after the initial 3-year period and annually thereafter based on changes in the interest rate. The interest rate will be based on the weekly average yield on U.S. Treasury Securities, adjusted to a constant maturity of one year (your index) plus our margin; the result then rounded to the nearest 1/8th of 1% (.125%). Information about the index is published weekly in the Wall Street Journal and monthly in the Federal Reserve Bulletin. Your interest rate cannot increase or decrease more than two (2) percentage points at each adjustment. Your interest rate cannot increase or decrease more than six (6) percentage points over the term of the loan. You will be notified in writing at least twenty-five (25) days begore the annual adjustment may be made. This notice will contain information about your interest rates, payment amount, and loan balance.
Term: 30 years
Maximum Amount: $417,000
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| | 15 Year Amortization - For example, on a $10,000, 15-year loan with an initial rate of 7.125%, the rate in effect in July 2001, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 13.125%, and the monthly payment can rise from a first year payment of $90.58 to a maximum of $118.85 in the sixth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $90.58 = $543.48 per month.
30 Year Amortization - For example, on a $10,000, 30-year loan with an initial rate of 7.125%, the rate in effect in July 2001, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 13.125%, and the monthly payment can rise from a first year payment of $67.37 to a maximum of $108.34 in the sixth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $67.37 = $404.22 per month. |
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5 year Adjustable Rate Mortgage
Your payment can change after the initial 5-year period and annually thereafter based on changes in the interest rate. The interest rate will be based on the weekly average yield on U.S. Treasury Securities, adjusted to a constant maturity of one year (your index) plus our margin; the result then rounded to the nearest 1/8th of 1% (.125%). Information about the index is published weekly in the Wall Street Journal and monthly in the Federal Reserve Bulletin. Your interest rate cannot increase or decrease more than two (2) percentage points at each adjustment. Your interest rate cannot increase or decrease more than six (6) percentage points over the term of the loan. You will be notified in writing at least twenty-five (25) days begore the annual adjustment may be made. This notice will contain information about your interest rates, payment amount, and loan balance.
Term: 30 years
Maximum Amount: $417,000
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| | 15 Year Amortization - For example, on a $10,000, 15-year loan with an initial rate of 6.000%, the rate in effect in June 2004, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 12.000%, and the monthly payment can rise from a first year payment of $84.39 to a maximum of $106.81 in the eighth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $84.39 = $506.34 per month.
30 Year Amortization - For example, on a $10,000, 30-year loan with an initial rate of 6.000%, the rate in effect in June 2004, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 12.000%, and the monthly payment can rise from a first year payment of $59.96 to a maximum of $97.09 in the eighth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $59.96 = $359.76 per month. |
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7 year Adjustable Rate Mortgage
Your payment can change after the initial 5-year period and annually thereafter based on changes in the interest rate. The interest rate will be based on the weekly average yield on U.S. Treasury Securities, adjusted to a constant maturity of one year (your index) plus our margin; the result then rounded to the nearest 1/8th of 1% (.125%). Information about the index is published weekly in the Wall Street Journal and monthly in the Federal Reserve Bulletin. Your interest rate cannot increase or decrease more than two (2) percentage points at each adjustment. Your interest rate cannot increase or decrease more than six (6) percentage points over the term of the loan. You will be notified in writing at least twenty-five (25) days begore the annual adjustment may be made. This notice will contain information about your interest rates, payment amount, and loan balance.
Term: 30 years
Maximum Amount: $417,000
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| | 15 Year Amortization - For example, on a $10,000, 15-year loan with an initial rate of 6.000%, the rate in effect in June 2004, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 12.000%, and the monthly payment can rise from a first year payment of $84.39 to a maximum of $106.81 in the eighth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $84.39 = $506.34 per month.
30 Year Amortization - For example, on a $10,000, 30-year loan with an initial rate of 6.000%, the rate in effect in June 2004, the maximum amount that the interest rate can rise under this program is six (6) percentage points to 12.000%, and the monthly payment can rise from a first year payment of $59.96 to a maximum of $97.09 in the eighth year. To see what your payment would be, divide your mortgage amount by $10,000; then multiply the monthly payment by that amount. (For example, the monthly payment for a mortgage of $60,000 would be: $60,000 divided by $10,000 = 6; 6 times $59.96 = $359.76 per month. |
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Construction Loan
One-time closing with the option of modifying upon completion to the fixed rate available at that time. Product is based on a 1-year ARM. The construction period payments (1st 12 months) are interest-only. 30 year or 15 year amortizations are available.
Term: 30 years
Maximum Amount: $417,000
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Jumbo 30 year Fixed Rate Mortgage
For loan amounts of $417,001 to $1,000,000. Please contact us for the availability of loan amounts greater than $1,000,000.00.
Term: 30 years
Maximum Amount: $1,000,000
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Jumbo 15 year Fixed Rate Mortgage
For loan amounts of $417,001 to $1,000,000. Please contact us for the availability of loan amounts greater than $1,000,000.00.
Term: 15 years
Maximum Amount: $1,000,000
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $200,000 with closing costs of $1,200. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,001 with closing costs of $1,200. Your actual APR may be different depending upon these factors.
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