Interest Rate Scenario

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Conventional Guidelines:

*Owner occupied home

*Credit score of 740 or higher

*Single family residence (non condo)

*Purchase or Refinance with 25% down or equity (20% or less is available under different pricing guidelines)

*Full document (income & asset documentation required)

*Rates based on 45 day lock

*No rate lock fee

*No prepayment penalty

*Impounds included (property taxes & insurance)

*Fixed loan terms or Adjustable Rate Mortgage

 ARM Consumer Handbook

Government Guidelines:

*Owner occupied home

*Credit score of 640 or higher

*Single family residence (Condo is available)

*Full document (income & asset documentation required)

*Rates based on 45 day lock

*No rate lock fee

*No prepayment penalty

*Impounds included (property taxes & insurance)

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Non-Conventional Guidelines (Jumbo Financing)

*30yr Fixed Loan

*Owner Occupied Home

*Credit Score of 720 or higher

*Single Family Residence (condo financing is available, contact us for pricing)

*Full Document (Income, Asset, Bank Statements, Tax Documents)

*25% Down Payment (Attached 2nd Mortgage is available)

*Example Loan Amount $1M (Available Loan amount up to $1.5M)

*Rates based on 30 day lock

*No Rate Lock Fee

*No Pre-Payment Penalty

*Impounds included (ask about waiving)

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Jumbo Arm Financing

*5yr or 7yr Arm Home Loan

*Owner Occupied

*Credit Score of 740 or higher (660 minimum)

*Single Family Residence (condo financing is available, contact us for pricing)

*Full Document (Income, Asset, Bank Statements, Tax Documents)

*30% Down Payment

*Example Loan Amount $1M (Available Loan amount up to $3M)

*Rates based on a 30 day lock

*No rate lock fee

*1yr Prepayment penalty

*No impounds

*Fixed loan terms