|
The
following chart illustrates loan programs we offer as
of February, 2004. We suggest that you contact us to
discuss your particular home financing needs so we can
help identify the best loan program for you, at the
best rate.
| |
|
|
| Fixed-Rate
Loans |
Conforming/
Jumbo
|
| 40-years
|
Yes
|
Yes
|
| 30-years
|
|
|
| 25-years |
|
|
| 20-years |
Yes
|
Yes
|
| 15-years |
Yes
|
Yes
|
| 10-years |
|
|
| 5-year
Balloon Loan* |
Yes
|
Yes
|
| 7-year
Balloon Loan* |
Yes
|
Yes
|
| FHA
** |
Yes
|
No
|
| VA** |
Yes
|
No
|
| |
|
|
| Adjustable-Rate
Loans |
|
|
| 1
month/ 1 month |
Yes
|
Yes
|
| 3
months/ 3 months |
Yes
|
Yes
|
| 6
months/ 6 months |
Yes
|
Yes
|
| 1
year/ 1 year |
Yes
|
Yes
|
| 3/1
ARM |
|
|
| 5/1
ARM |
|
|
| 7/1
ARM |
|
|
| 10/1
ARM |
Yes
|
Yes
|
| |
|
|
| Home
Equity Loans |
|
|
| 2nd
Mortgage Fixed-Rate |
Yes
|
Yes
|
| 2nd
Mortgage Adjustable |
Yes
|
Yes
|
| |
|
|
| Property
Types |
|
|
| Single-family |
Yes
|
Yes
|
| 2-4
family homes |
Yes
|
Yes
|
| Condo,
less than 5 stories |
Yes
|
Yes
|
| Condo,
more than 5 stories |
Yes
|
Yes
|
| Co-ops |
Yes
|
Yes
|
| Modular
homes |
Yes
|
Yes
|
| Land |
Yes
|
Yes
|
| Planned
unit development (PUD) Attached and Detached |
Yes
|
Yes
|
| |
|
|
| Alternative
Documentation |
|
|
| “Stated
income”, “stated assets”, or both: |
Yes
|
| “No
ratio”: maximum ratios of housing expense and total
expense to income are not taken into consideration
by the Lender. |
Yes
|
| “No
income”, “no assets”, or both: income and/or
assets are not disclosed. |
Yes
|
| |
|
|
| Options |
|
|
| Waive
escrow of taxes and insurance. Subject to program
guidelines |
Yes
Under 80.00% LTV
|
| Interest-only |
Yes
|
Yes
|
| Buydown |
Yes
|
| Renovation
Loans |
Yes
|
| Cash-out
refinance |
Yes
|
| Second
or Vacation home |
Yes
|
| 1-4
Family Investment |
Yes
|
| Non-resident
alien |
Yes
|
| Construction
loan |
Yes
|
| Bridge
loan |
Yes
|
| |
|
|
*Subject
to State Regulations
**Limited to maximum loan amount limits set by FHA
and VA |
| |
|
|
|
