$700,000
-
Annual Cap: 2.00%
- Life Cap: 4.00%
- Floor: 2.75%
- Margin: 275%
$7000,001 - $1,100,000
- Annual Cap: 2.00%
- Life Cap: 4.00%
- Floor: 2.75%
- Margin: 2.75%
$1,100,001 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
- Qualifying rate on ARM products will be as follows:
- 7/1 ARM - Note rate
Index: One-year US Constant Maturity Treasury Rate, as made available by the Federal Reserve Board.
Index: One-year US Constant Maturity Treasury Rate, as made available by the Federal Reserve Board.