Standard Option
This First-Time Home Buyer Program option is designed with a host of features to make your home purchase affordable as possible.
Features
- No PMI required
- Loan amount up to $750,000
- $0 down payment option
- Free 60-day rate lock with “float-down” option
- Up to a 40-year term available for 3/1, 5/1, and 7/1 ARMs only (add .125% to the rates listed below)
3/1 Adjustable Weekly Avg CMT Index
(Constant Maturity Treasury) (Maximum loan $750,000)
| Rate | Points | Margin | Caps | Index | APR | Est. Pymt.
/$1,000 |
5/1 Adjustable Weekly Avg CMT Index
(Constant Maturity Treasury) (Maximum loan $750,000)
| Rate | Points | Margin | Caps | Index | APR | Est. Pymt.
/$1,000 |
7/1 Adjustable Weekly Avg CMT Index
(Constant Maturity Treasury) (Maximum loan $750,000)
| Rate | Points | Margin | Caps | Index | APR | Est. Pymt.
/$1,000 |
The rates quoted above apply to a 30-year term and are effective as of 03/09/2010. They are not guaranteed until locked, and are subject to change without notice. Points indicated include a ˝% loan origination fee. 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%.
Estimated Processing Time: 20-30 days
To speak to a real estate loan consultant, please call
714/258-4000 or 800/462-8328, extension 8288.
Consultants are available Monday - Friday, from
8 a.m. to 7 p.m., and Saturday, from 9 a.m. to 3 p.m.
