You will have title and escrow fees in addition to the above fees and points.
This loan is:
Adjustable. The first adjustment is in 120 month(s), with a subsequent adjustment every 60 month(s), and a balloon payment in 180 month(s).
Acceptable Property:Acreage with agricultural activity and use. Some buildings OK.
Adjustments to Pricing:Loan amounts under $175,000, add .5 points. Maximum loan amount $1,000,000
Program Highlights:Purchase or refinance (cash out OK) to 65% of appraised value. Stated income, stated asset. Balloon payment in 15 years. Interest rate fixed 10 years, then adjusts once for next 5 years. 25 year amortization.
Program Details:The loan application is taken on this bank's own forms, and run through their own credit algorithm, looking for an acceptable ratio of assets to liabilities as well as good credit.
