Available in 15 - 30 year terms.
Maximum Loan Amount: $1,000,000.
Loan Purpose: Purchase, Refi - Rate & Term, Refi - Cash Out.
Property Types: Single Family Attached/Detached, Condominiums or
PUD's (with restrictions), Second Homes.
LTV - Loan to Value: Varies by Loan Amount.
PMI - Private Mortgage Ins. Required over 80% on Owner Occupied
& Second Homes, Over 70% on Investment Properties.
Buydowns: Yes - Permanent & Temporary
Gift Funds Allowed: Yes, with 5% of borrower's own funds, or all
can be gift if 20% down.
Assumability: Yes (with restrictions).
Advantage: Enjoy a low fixed rate for the full term of your loan.