Mortgage Disclosures
Mortgages - Portfolio Loans
Fixed-Rate Mortgages: Annual Percentage Rates (APR) quoted are based on a representative $350,000 loan amount with 20% down payment/equity for the stated term. Rates are not guaranteed until lock-in and are subject to change without notice. All loan applications are subject to credit underwriting and property approval. Homeowners Insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences up to $500,000. Call for available rates for 2-4 family residences. $950 origination fee.
Adjustable-Rate Mortgages: Annual Percentage Rates (APR) quoted above are based on a representative $350,000 loan amount, with 20% down payment/equity for the stated term and include 0 points. Rates are not guaranteed until lock-in and are subject to change without notice. All loan applications are subject to credit underwriting and property approval. Homeowners Insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Loan rates are for a first lien position on single family owner-occupied residences up to $500,000. Call for available rates for 2-4 family residences.
All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. ARM rates are based on the Wall Street Journal Prime Rate Index with a margin of 0.000%. All Adjustable Rate Mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment. $950 origination fee.
Mortgages - Secondary Market
Fixed-Rate Mortgages: Annual Percentage Rates (APR) quoted are based on a representative $350,000 loan amount with 20% down payment/equity for the stated term. Rates are not guaranteed until lock-in and are subject to change without notice. All loan applications are subject to credit underwriting and property approval. Homeowners Insurance and flood insurance (if applicable) are required. Private Mortgage Insurance (PMI) is required if your downpayment / equity is less than 20%. Listed rates are for a first lien position on single family owner-occupied residences up to $500,000 (up to $484,350 for 30 year fixed). Call for available rates for 2-4 family residences. Origination fees quoted above are for portfolio loans only. Secondary market loans will have a higher origination fee.