You will have title and escrow fees in addition to the above fees and points.
This loan is:
Adjustable. The first adjustment is in 1 month(s), with a subsequent adjustment every 1 month(s), and a balloon payment in 24 month(s).
Acceptable Property:70% cashout out with full income documentation on improved residential lots available in some areas. Generally 50 to 60% cashout on unimproved land to 100 acres. No ag activity necesaary, but OK.
Adjustments to Pricing:Loan amounts under 100,000, add .25 points. Minimum loan amount $50,000.
Program Highlights:Stated income OK with good credit. Lower loan-to-value ratios for stated income.
Program Details:2 years interest only, then balloon payment. No prepayment penalty.
