Non-conforming Jumbo Mortgage

Loan amounts: $625,501— $1,500,000

Maximum loan to value ratio:
Purchase
• 80%
Refinance
• 80% - No cash (subject to loan limits listed above)
• 60% - with Cash

Additional rate adjustments may apply depending on Loan to Value and Credit Scores.

Fixed Terms:
• 15-30 years

• ARM and Interest Only products are available

Closing Costs:
• Estimated at 3% of the amount you borrow for attorney fees, title insurance, mortgage, recording fees
• .25% commitment fee.
• We will require funding of an escrow account for the payment of Real Estate Taxes, Homeowners insurance, Flood Insurance (if applicable), and Private Mortgage Insurance (if applicable).

Rate Lock-Ins:
• Closing rate is set 8 business days prior to closing if a lock-in has not been selected
• 30 day rate lock: ½ point, non refundable fee
• 60 day rate lock: 1 point, non-refundable fee
• 90 day rate lock: 1 ½ points, non-refundable fee

Rate Buy-Downs
• 1 Point = ¼% Rate Reduction
• 2 Points = ½% Rate Reduction

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE.

Mortgage Loan Disclosure for Adjustable Rate Mtg.