LIBOR Adjustable Rate Mortgages |
1 Year LIBOR ARM Conforming |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
View our current loan limits |
| Maximum Loan to Value (LTV) |
Depends on the number of units and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
75% - 95%
75% - 95%
75% - 80% |
| Margin |
2.25% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments
>Manufactured Homes may be eligible, please contact a Mortgage Consultant. |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
6.00% |
| Adjustment Details |
Adjusts Annually. Annual rate adjustments cannot exceed 2% per year with a lifetime cap of 6% above the initial interest rate. |
| |
|
1 Year LIBOR ARM JUMBO |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
Up to $650,000 depending on the number of units and whether primary residence or second home. Larger loan amounts available by request on an individual case basis. |
| Maximum Loan to Value (LTV) |
Depends on the number of units and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
60% - 70%
60% - 70%
60% |
| Margin |
2.25% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
6.00% |
| Adjustment Details |
Adjusts annually. Annual rate adjustments cannot exceed 2% per year with a lifetime cap of 6% above the initial interest rate. |
| |
|
3/1 LIBOR ARM Conforming |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
View our current loan limits |
| Maximum Loan to Value (LTV) |
Depends on the number of units and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
75% - 95%
75% - 95%
75% - 80% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments
Manufactured Homes may be eligible for owner occupied properties. Please contact a Mortgage Consultant. |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
6.00% |
| Adjustment Details |
A fixed interest rate for the first 3 years, which then may adjust annually. Annual rate adjustments cannot exceed 2% per year with a lifetime cap of 6% above the initial interest rate. |
| |
|
3/1 LIBOR ARM JUMBO |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
Up to $650,000 depending on the number of units and whether primary residence or second home. Larger loan amounts available by request on an individual case basis. |
| Maximum Loan to Value (LTV) |
Depends on the number of units, loan amount and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
60% - 70%
60% - 70%
60% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
6.00% |
| Adjustment Details |
A fixed interest rate for the first 3 years, which then may adjust annually. Annual rate adjustments cannot exceed 2% per year with a lifetime cap of 6% above the initial interest rate. |
| |
|
5/1 LIBOR ARM Conforming |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
View our current loan limits |
| Maximum Loan to Value (LTV) |
Depends on the number of units and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
75% - 95%
75% - 95%
75% - 80% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments
>Manufactured Homes may be eligible for owner occupied properties. Please contact a Mortgage Consultant. |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
5.00% |
| Adjustment Details |
A fixed interest rate for the first 5 years, which then may adjust annually. The first adjustment cannot exceed 5%. Annual rate adjustments thereafter cannot exceed 2% with a lifetime cap of 5% above the initial interest rate. |
| |
|
5/1 LIBOR ARM JUMBO |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
Up to $650,000 depending on the number of units and whether primary residence or second home. Larger loan amounts available by request on an individual case basis. |
| Maximum Loan to Value (LTV) |
Depends on the number of units, loan amount and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
60% - 70%
60% - 70%
60% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 Family
>1 unit Second Homes
>Condominiums
>Planned Unit Developments |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
5.00% |
| Adjustment Details |
A fixed interest rate for the first 5 years, which then may adjust annually. The first adjustment cannot exceed 5%. Annual rate adjustments thereafter cannot exceed 2% per year with a lifetime cap of 5% above the initial interest rate. |
| |
|
7/1 LIBOR ARM Conforming |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
Maximum Loan
Amount |
View our current loan limits |
| Maximum Loan to Value (LTV) |
Depends on the number of units and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
75% - 95%
75% - 95%
75% - 80% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments
>Manufactured Homes may be eligible for owner occupied properties. Please contact a Mortgage Consultant. |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
5.00% |
| Adjustment Details |
A fixed interest rate for the first 7 years, which then may adjust annually. The first adjustment cannot exceed 5%. Annual rate adjustments thereafter cannot exceed 2% with a lifetime cap of 5% above the initial interest rate. |
| |
|
7/1 LIBOR ARM JUMBO |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
Up to $650,000 depending on the number of units and whether primary residence or second home. Larger loan amounts available by request on an individual case basis. |
| Maximum Loan to Value (LTV) |
Depends on the number of units, loan amount and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
60% - 70%
60% - 70%
60% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
5.00% |
| Adjustment Details |
A fixed interest rate for the first 7 years and then may adjust annually. The first adjustment cannot exceed 5%. Annual rate adjustments thereafter cannot exceed 2% per year with a lifetime cap of 5% above the initial interest rate. |
| |
|
10/1 LIBOR ARM Conforming |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
View our current loan limits |
| Maximum Loan to Value (LTV) |
Depends on the number of units and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
75% - 95%
75% - 95%
75% - 80% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments
>Manufactured Homes may be eligible for owner occupied properties. Please contact a Mortgage Consultant. |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
5.00% |
| Adjustment Details |
A fixed interest rate for the first 10 years, which then may adjust annually. The first adjustment cannot exceed 5%. Annual rate adjustments thereafter cannot exceed 2% with a lifetime cap of 5% above the initial interest rate. |
| |
|
10/1 LIBOR ARM JUMBO |
| Loan Term |
30 Years |
| Prepayment Penalty |
None |
| Occupancy Requirement |
Owner Occupied |
| Number of Units |
1-4 unit Primary Residence, 1 unit Second Home |
| Maximum Loan Amount |
Up to $650,000 depending on the number of units and whether primary residence or second home. Larger loan amounts available by request on an individual case basis. |
| Maximum Loan to Value (LTV) |
Depends on the number of units, loan amount and whether primary residence or second home. |
| |
Purchase:
Limited or no cash out refinance:
Cash-out refinance: |
60% - 70%
60% - 70%
60% |
| Margin |
2.50% |
| Index |
1 Year LIBOR |
| Eligible Properties |
>1-4 unit Primary Residence
>1 unit Second Homes
>Condominiums
>Planned Unit Developments |
| Periodic Adjustment Cap |
2.00% |
| Lifetime Adjustment Cap |
5.00% |
| Adjustment Details |
A fixed interest rate for the first 10 years, which then may adjust annually. The first adjustment cannot exceed 5%. Annual rate adjustments thereafter cannot exceed 2% per year with a lifetime cap of 5% above the initial interest rate. |
State Farm Bank®
Equal Housing Lender
