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Adjustable Rate Jumbo Loans
- Available for loans above $417,000
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- Fixed interest rate for the first 1, 3, 5, 7 or 10 years depending on the product you choose
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- Interest rate adjusts over the term of the loan after the fixed period
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- Lower initial interest rate than fixed rate loans
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- 10 to 30 year terms available
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Rates Effective: October 8, 2008 CALL FOR RATES
| Loan to Value Amounts: $500,000 to 95% - $600,000 to 90% - $750,000 to 80% - $900,000 to 75% |
|
| Loan Description |
Index |
Rate |
Points |
APR
|
P & I Per $1000 |
| 1/1 ARM (2/6) |
1 yr LIBOR |
call
|
1.000 %
|
%
|
$
|
call
|
2.000 %
|
%
|
$
|
| 3/1 ARM (2/6) |
1 yr LIBOR |
call
|
0.000 %
|
%
|
$
|
call
|
1.000 %
|
%
|
$
|
| 5/1 ARM (5/2/5) |
1 yr LIBOR |
call
|
0.000 %
|
%
|
$
|
call
|
1.000 %
|
%
|
$
|
| 7/1 ARM (5/2/5) |
1 yr LIBOR |
call
|
0.000 %
|
%
|
$
|
call
|
1.000 % |
%
|
$
|
| 10/1 ARM (5/2/5) |
1 yr Treasury |
call
|
0.000 %
|
%
|
$
|
call
|
1.000 %
|
%
|
$
|
Click to calculate loan payments.
All rates subject to change without notice.
Assumes owner-occupied residence
APR is based on a loan amount of $500,000 with a 20% down payment
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