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Adj.-Rate Programs

5/1 Fixed/Adjustable Rate

Our 5/1 fixed/adjustable rate mortgage loan offers a lower starting interest rate than a traditional fixed-rate loan, which can help you qualify for a higher-priced home. The first five years of this loan are at a fixed rate, and then adjusted annually based on the weekly average of the 1-year Constant Maturity Treasury (CMT) index.

This loan may be a good choice if you:
  • Know your income will increase in the coming years
  • Plan to own your home for five years or less
  • Want the stability of a fixed payment early in the loan
Features
  • Conforming loans: finance up to 95% for primary residence detached homes and 90% for condominiums
  • Jumbo loans: finance up to 90% for primary residence detached homes and condominiums
  • Low fees
  • Free 45-day rate lock
  • No prepayment penalty
5/1 CMT ARM (Conforming)
(Maximum Loan: $417,000)
Rate Points Margin Caps Index APR Est. Pymt.
/$1,000
6.125 0.000 2.625 2/2/5 1.120 4.60% $6.08
6.000 0.250 2.625 2/2/5 1.120 4.57% $6.00
5.875 0.500 2.625 2/2/5 1.120 4.55% $5.92

5/1 CMT ARM (Jumbo)
(Maximum Loan: $1,500,000)
Rate Points Margin Caps Index APR Est. Pymt.
/$1,000
7.625 0.000 2.750 5/2/5 1.120 5.30% $7.08
7.500 0.250 2.750 5/2/5 1.120 5.27% $6.99
7.375 0.500 2.750 5/2/5 1.120 5.24% $6.91

The rates quoted above apply to a 30-year term and are effective as of 11/19/2008. They are not guaranteed until locked, and are subject to change without notice. 40-year term requires adding .125% to applicable ARM rates.

The Annual Percentage Rates (APRs) are based on a loan amount of $350,000 for the stated term and a Loan-to-Value of 80%.

Not applicable to pre-approvals without property selected.



To speak to a real estate loan consultant, please call
714/258-4000 or 800/462-8328, extension 8236.
Consultants are available Monday - Friday, from
8 a.m. to 7 p.m., and Saturday, from 9 a.m. to 3 p.m.





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