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.
