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First Time Home Buyer Program |
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We offer a mortgage products for the first time home buyer. This product is available for 1 or 2 family homes and condos. Reduced closing costs, low down payment, zero points and flexible qualifying guidelines are features that make this an attractive option fo the first time home buyer. |
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Rates are subject to change without notice. Loan limits and other restrictions may apply. |
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Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (PMI) if your downpayment/equity is less than 20%.Loan rates are for a first lien position on 1-4 family owner-occupied residences.
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All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. ARM rates are based on a 1 or 3 year TBill Index with a margin of between 2.625 and 3.125 depending on product. The Seven/Three Year ARM rate is based on the 3 Year TBill. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment.
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| Appraisal fees: $300 single family - $500 for a 2-4 family |
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