| Interest Rates change with market conditions and may change without notice |
| Owner Occupied - Fixed Rates |
|
Non-Owner Occupied - Fixed Rates |
| Term |
Rate |
Point |
APR (2) |
Payment (1) |
|
Term |
Rate |
Point |
APR (2) |
Payment (1) |
| 30 Year |
5.875 |
0.000 |
5.926 |
(1,183.08) |
|
30 Year |
6.500 |
0.000 |
6.553 |
(1,264.14) |
| |
5.500 |
1.000 |
5.642 |
(1,135.58) |
|
|
5.875 |
1.500 |
6.068 |
(1,183.08) |
| 15 year |
5.500 |
0.000 |
5.585 |
(1,634.17) |
|
|
| 10 Year |
5.500 |
0.000 |
5.621 |
(1,634.17) |
| 5/1 Arm |
5.875 |
1.250 |
6.044 |
(1,183.08) |
|
|
5.875 |
2.500 |
6.164 |
(1,183.08) |
| |
CONSTRUCTION LOANS
|
|
LOT LOANS
|
| Term |
Rate |
Point |
APR (2) |
|
Term |
Rate |
Point |
APR (2) |
| 12 Month |
5.875%
Floating |
1.250 |
8.010% |
|
3 Year Term |
8.75% |
1.250 |
9.657% |
| |
| 12 Month |
7.750%
Fixed |
1.250 |
13.355% |
|
Maximum LTV 75% of purchase price or appraised value if owned more than 1 year. |
OTHER CONSTRUCTION LOANS ARE AVAILABLE
RATES AND ASSOCIATED FEES VARY.
Administration Fee $755 Processing Fee $350
Appraisal Fee must be collected prior to ordering appraisal.
Loans over 80% LTV require PMI (private mortgage insurance) which will increase costs.
- Payment based on principal & interest on a $200,000 loan amount.
- APR based on loan amount of $200,000, fully financed less those fees considewhite pre paid finance charges.
These pre-paid items are: Points and Processing, Administration Fee which includes, Documents, Underwriting,Credit Report,
Tax Service and Flood Certification fees.
Teresa A. Sims
VP, Director of Mortgage Banking
402 "G" Street
Eureka, CA, 95501
PH: 707-444-9850, FAX: 707-444-9801
Cell: 707-499-2691
