These are but a small sample of the hundreds of programs
and pricing variations available. Numerous additional pricing options are
available including No Cost loans. Call or e-mail for rates on Interest
Only, Easy Qualifier, No-Ratio, Non-Owner Loans, Buy-Downs, 100%+ Financing
Programs, etc.
Many loans are available at "No Cost" (APRs will increase with
costs paid and decrease with payment of points.)
* Numerous Pricing Scenarios including 0 Point and 0 Cost Loans. Stated
Income / Stated Asset documentation OK. Loans available to $6,000,000. Second
Homes and Investment Properties also available with minor adjustments. Choose
from 12 MAT, 6 Month LIBOR or 11th District COFI.
CONFORMING:
Fixed Rate, Interim Fixed and Adjustable Loans
(See Below for Conforming Loan Amounts for Two to Four Unit Properties)
| LOAN TERM |
RATES |
POINTS |
APPROX APR |
NOTES |
| 15 YEAR FIXED |
5.250 |
0.750 |
5.383 |
97% LTV TO $417,000 - (FOR NON- OWNER, ADD .375 TO RATE TO
80%) |
| 30 YEAR FIXED |
5.750 |
0.750 |
5.879 |
97% LTV TO $417,000
- (FOR NON- OWNER, ADD .375% TO RATE TO
80%) |
| 1 YEAR LIBOR |
4.875 |
0.500 |
6.170 |
95% LTV TO $417,000 2.50% MARGIN WITH PRE-PAY NO
NEGATIVE, 11.875% LIFE CAP, CONVERTIBLE |
| 11TH DIST COFI |
3.950 |
1.000 |
6.252 |
95% TO $400,000, 2.650% MARGIN, POSSIBLE NEG. NO PRE-PAY |
| 3/1 ARM LIBOR |
5.750 |
0.500 |
6.481 |
95% LTV TO $417,000, FIXED FOR 5 YEARS THEN 1 YEAR
LIBOR ARM. INTEREST ONLY OPTION AVAILABLE. |
| 5/1 ARM LIBOR |
5.875 |
0.625 |
6.492 |
95% LTV TO $417,000, FIXED FOR 5 YEARS THEN 1 YEAR
LIBOR ARM. INTEREST ONLY OPTION AVAILABLE. |
| 7/1 ARM LIBOR |
5.875 |
0.750 |
6.410 |
95% LTV TO $417,000, FIXED FOR 5 YEARS THEN 1 YEAR
LIBOR ARM. INTEREST ONLY OPTION AVAILABLE. |
(For permanent Buy-Ups or Buy-Downs you may utilize the rule of thumb
that 1/8% change in rate is inversely equivalent to between 3/8 to 1/2 of one
point.)
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JUMBO:
Fixed Rate, Interim Fixed and Adjustable Loans
| LOAN TERM |
RATES |
POINTS |
APPROX APR |
NOTES |
| 15 YEAR FIXED |
6.500 |
0.500 |
6.615 |
95% LTV TO $500,000, 80% LTV TO $750,000 |
| 30 YEAR FIXED |
6.875 |
0.750 |
7.031 |
95% LTV TO $500,000, 80% LTV TO $750,000 |
| 1 YEAR LIBOR |
4.750 |
0.750 |
6.289 |
90% TO $600,000, 2.50% MARGIN, NO NEGATIVE, WITH PRE-PAY,
9.875% LIFE CAP |
| 1 MONTH LIBOR |
4.255 |
0.750 |
7.215 |
90% TO $500,000, 2.35% MARGIN, ONE YEAR
PRE-PAY,
80% STATED INCOME TO $650,000. NO ADD ON! |
| 11TH DIST COFI |
3.950 |
0.750 |
6.212 |
90% TO $500,000, 2.40% MARGIN, POSSIBLE NEGATIVE, NO PREPAY |
| 3/1 ARM LIBOR |
5.500 |
0.500 |
6.271 |
FIXED FOR 3 YEARS THEN 1 YEAR T-BILL ARM NO-NEG., NO
PREPAY, .25 POINTS LESS FOR <70% LTV, FICO 720+ INTEREST ONLY OPTION
AVAILABLE. |
| 5/1 ARM LIBOR |
5.875 |
0.750 |
6.112 |
FIXED FOR 5 YEARS THEN 1 YEAR T-BILL ARM NO-NEG., NO
PREPAY, .25 POINTS LESS FOR <70% LTV, FICO 720+ INTEREST ONLY OPTION
AVAILABLE. |
| 7/1 ARM LIBOR |
6.125 |
0.500 |
6.321 |
FIXED FOR 7 YEARS THEN 1 YEAR T-BILL ARM NO-NEG., NO
PREPAY, .25 POINTS LESS FOR <70% LTV, FICO 720+ INTEREST ONLY OPTION
AVAILABLE. |
* Numerous Pricing Scenarios including 0 Point and 0 Cost Loans. Stated
Income / Stated Asset documentation OK. Loans available to $6,000,000. Second
Homes and Investment Properties also available with minor adjustments. Many are
available with interest only options. Choose
from 12 MAT, 6 Month LIBOR or 11th District COFI.
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| 11th District Cost of Funds |
3.900% |
| 6 Month LIBOR (London Interbank
Offered Rate) |
2.634% |
| 12 MAT - 12 Month Average Treasury |
4.076% |
| 3 Year CMT - Constant Maturity Treasury |
1.240% |
| 5 Year CMT - Constant Maturity Treasury |
1.990% |
| 7 Year CMT - Constant Maturity Treasury |
3.040% |
| 10 Year CMT - Constant Maturity Treasury |
3.560% |
| 2 Year Treasury Notes |
1.740% |
| 5 Year Treasury Notes |
2.560% |
| 7 Year Treasury Notes |
2.932% |
| 10 Year Treasury Notes |
3.490% |
| 30 Year Treasury Notes |
4.320% |
| Prime Interest Rate |
5.250% |
(Jumbos and Super Jumbos Loans also Available)
| Single Family Residence |
$417,000 |
| Duplex (2 Unit) |
$533,850 |
| Tri-Plex (3 Unit) |
$645,300 |
| Four-Plex (4 Unit) |
$801,950 |
| Second Mortgages |
$208,500 |
(50% higher in Alaska, Hawaii, Guam and
the Virgin Islands)
Notes:
- Interest Rates are always in a state of flux, are subject to change
without notice, are subject to borrower and property qualifications, may be subject to
adjustments due to loan amounts or FICO scores, and will vary according to the length of
loan lock required.
- Annual Percentage Rates quoted are approximations only and will vary
according to loan amount, date of closing and regional cost variations.
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