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Assumptions

The following additional disclosures apply to our loan offerings, closed loan examples or any loan scenarios used to illustrate the guidelines or features of any of our loan programs:
  • The Annual Percentage Rate (APR) is based the loan amount shown and includes the points listed.
  • Rates and terms are subject to change without notice.
  • Interest rates are determined by numerous factors and assume borrower meets credit criteria for program detailed. 
  • All loan applications are subject to credit and property approval.  Property hazard (home) and/or flood insurance may be required. Additional fees and closing costs may apply.
  • Rates for adjustable-rate mortgages may be subject to an increase after the initial fixed period.
  • A 30 year amortization term applies to adjustable-rate mortgages unless otherwise noted. (i.e. Interest Only loan).
  • Maximum loan limits and minimum equity or down payment requirements may apply.
  • Consult with your Mortgage Banking Officer for additional rates and programs that may be available.
  • Scheduled payments may include only principal and interest or interest only depending on the example shown.
  • Scenarios illustrated assume no other loans or liens unless otherwise noted.
  • Some loans require tax and insurance escrows/impounds.
  • Scenarios illustrated assume applicant(s) is/are a United States citizen or otherwise eligible based on program parameters.
  • Fees are based on a "default" county for each state and fees are subject to change based on county where property is located.
  • Other restrictions may apply.
Please consult your Mortgage Banking Officer for fees and closing costs for your particular situation. If down payment is less than 20%, mortgage insurance may be necessary.   This could increase the monthly payment and APR.

 



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