Loan Limit | Annual Cap | Life Cap | Floor | Margin |
---|---|---|---|---|
$850,000 | 2.00% | 4.00% | 2.75% | 2.75% |
$850,001 - $1,100,000 | 2.00% | 4.00% | 2.75% | 2.75% |
$1,100,001 and higher | 2.00% | 4.00% | 3.00% | 3.00% |
- 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. |