Adjustable Rate Mortgages
(Rates subject to change without notice.)
Rates as of Friday, February 3, 2012 |
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| Interest Rate | Annual Percentage Rate | Payment per $1,000 | Payments | Apply |
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Caps 2% period - 6% lifetime |
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| 3.000% | 3.142% | $4.22 | Show Payments and Rates | |
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Caps 2% period - 6% lifetime |
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| 3.250% | 3.243% | $4.35 | Show Payments and Rates | |
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2% period - 6% lifetime |
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| 3.625% | 3.493% | $4.56 | Show Payments and Rates | |
All rates quoted are for single family owner-occupied properties, for purchase or no cash out refinancing. Unless otherwise stated, minimum down payment is 3%. Property insurance is required. Payment example shown on the 5/1 ARM is for 60 months per $1,000 borrowed, followed by 300 payments of $4.27; payment example shown on the 7/1 ARM is for 84 months per $1,000 borrowed, followed by 276 payments of $4.30; payment example shown on the 10/1 ARM is for 120 months per $1,000 borrowed, followed by 240 payments of $4.36. Payments are based on the current 1 year treasury index and a margin of 3.00%. Payments do not include taxes and insurance. Actual payments may be greater. On adjustable rate products, the interest rate may increase after consummation of loan, based on current market conditions. Borrowers and properties must qualify under FNMA guidelines. Please note that the interest rates and fees shown here are subject to credit history, loan amount, loan-to-value and debt-to-income ratios. Actual rates may vary.
Annual Percentage Rate (APR) based on $100,000.
For mortgages above $417,000, please call one of our Mortgage Lenders for rates at (800)547-2885.
All funds in a "non-interest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "non-interest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.