1.) Owner occupied, Single Family residence, Condo, Unimproved Property (MAX TERM 15 YRS)
2.) Loan amount for Purchases, 80% of purchase price.
3.) Minimum loan amount is $20,000.00 with a maximum of $417,000.00.
4.) Loan term 15 to 30 years. Except for Unimproved Property which is 15 yrs max.
5.) Annual adjustment is based on 1 yr Treasury Bill plus a margin of 2.75%.
6.) Maximum annual rate adjustment is 2.00%.
7.) Maximum life time cap is 6.00% above initial rate.
8.) Survey will be required.
