$550,000
-
Annual Cap: 2.00%
- Life Cap: 4.00%
- Floor: 2.75%
- Margin: 275%
$550,001 - $1,000,000
- Annual Cap: 2.00%
- Life Cap: 4.00%
- Floor: 2.75%
- Margin: 2.75%
$1,000,001 and higher
- Annual Cap: 2.00%
- Life Cap: 4.00%
- Floor: 3.000%
- Margin: 3.000%
NOTE:
- Minimum term on any ARM product is 10 years
- 3/1 ARM is not available above 95% LTV or above $453,100 loan amount
- Qualifying rate on ARM products will be as follows:
- 3/1 ARM - Note rate + 4.00%
- 5/1 ARM - Note rate + 2.00%
- 7/1 ARM - Note rate