Up to 30 year amortization
Interest only payments available
Up to 90% financing (based on appraisal or contract)(*land size restrictions)
Mortgages modified for construction loan (reducing costs for construction loans)
Plan
1 & 1 ARM
3 & 1 ARM
5-Year Fixed Amort.
Min. CashDown Payment
25% 10%
25% 10%
25% 10%
Maximum LTV
75% 90%
75% 90%
75% 90%
Start Rate
6.95% 7.25%
7.50% 7.75%
7.95% 8.25%
Total Points
0 1/2
0 1/2
0 1/2
Amortization
Interest Only
Interest Only
15-Year(**20/30 Year)
Maturity
5 Years
5 Years
5 Years
Caps
2% Annual - 5% Life
2% Annual - 5% Life
N/A
Index
1 Year T-Bill
1 Year T-Bill
N/A
Margin
3.50% 3.75%
3.50% 3.75%
N/A
AdjustmentFrequency
Annually
Annually beginningyear 4
N/A(Note this program is only available in platted/recorded subdivisions and good sales histories. Areas that do not qualify, lower LTV and higher interest rates may apply.)
A minimum of 25% down required on purchases of $500,000+.
Investor loans - minimum 25% down, 75% LTC/LTV; increase above rate by a minimum of 1% and get a 1% origination fee.
Non-purchase (refinance, renewal, cash out) add a minimum of .50% to above rate.
Non-platted, rural, and without deed restrictions which limit homes to site built add a minimum of 1% to above rate. Minimum 25% down, 75% LTV.
Add .50% to rate for loans qualifying for stated income program (purchased for primary residence only).
Foreign National Program - minimum 25% down, 75%LTC/LTV: increase above rate by a minimum of 1% and get a 1% origination fee and a 6 month reserve account.
All loans are subject to qualification.
* Maximum lot size 3 acres (10 acre if in platted subdivision).
** 20 year available on loans above $35,000, 30 year on loans above $100,000.
Rates and terms subject to change. For informational purposes only.Call Rena Gilpatrick of Peoples First at 850-609-3941 for more information. Thanks again Rena for the information.
Interest only payments available
Up to 90% financing (based on appraisal or contract)(*land size restrictions)
Mortgages modified for construction loan (reducing costs for construction loans)
Plan
1 & 1 ARM
3 & 1 ARM
5-Year Fixed Amort.
Min. CashDown Payment
25% 10%
25% 10%
25% 10%
Maximum LTV
75% 90%
75% 90%
75% 90%
Start Rate
6.95% 7.25%
7.50% 7.75%
7.95% 8.25%
Total Points
0 1/2
0 1/2
0 1/2
Amortization
Interest Only
Interest Only
15-Year(**20/30 Year)
Maturity
5 Years
5 Years
5 Years
Caps
2% Annual - 5% Life
2% Annual - 5% Life
N/A
Index
1 Year T-Bill
1 Year T-Bill
N/A
Margin
3.50% 3.75%
3.50% 3.75%
N/A
AdjustmentFrequency
Annually
Annually beginningyear 4
N/A(Note this program is only available in platted/recorded subdivisions and good sales histories. Areas that do not qualify, lower LTV and higher interest rates may apply.)
A minimum of 25% down required on purchases of $500,000+.
Investor loans - minimum 25% down, 75% LTC/LTV; increase above rate by a minimum of 1% and get a 1% origination fee.
Non-purchase (refinance, renewal, cash out) add a minimum of .50% to above rate.
Non-platted, rural, and without deed restrictions which limit homes to site built add a minimum of 1% to above rate. Minimum 25% down, 75% LTV.
Add .50% to rate for loans qualifying for stated income program (purchased for primary residence only).
Foreign National Program - minimum 25% down, 75%LTC/LTV: increase above rate by a minimum of 1% and get a 1% origination fee and a 6 month reserve account.
All loans are subject to qualification.
* Maximum lot size 3 acres (10 acre if in platted subdivision).
** 20 year available on loans above $35,000, 30 year on loans above $100,000.
Rates and terms subject to change. For informational purposes only.Call Rena Gilpatrick of Peoples First at 850-609-3941 for more information. Thanks again Rena for the information.
