Investment Property Loans
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5/1 Jumbo ARM rate at
3.925% APR1
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| Sample Loan: |
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Loan Amount: |
$750,000 |
| Initial Rate: |
4.250% |
| Fully Indexed
APR: |
3.925% |
| Period of
Initial Rate: |
60 months |
| 60 Monthly Payments of $3,689.55 then 300 Monthly Payments between $3,318.90 - $5,832.45 |
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The Annual Percentage Rate (APR) is based on a 30-year term with a maximum 5% cap over initial rate. Variable rate mortgage. After the initial period, rates and payments are based on the current index plus a margin and can increase or decrease based on changes in the index; any change may significantly impact your monthly payment. Payment amounts do not include amounts for taxes and insurance premiums. Actual payment obligation will be higher.
Take advantage of historically low mortgage rates on non-owner / investment properties (1-4 units) with Fremont Bank. Right now, we are offering an adjustable rate as low as 3.925% APR1 with no closing costs and no points.
For five units or more click here.
- Loan amounts up to $1 Million1
- No closing cost2 / no point options
- Condominiums included
- Cash out options available3
- No aging requirement
- Available for new homes and refinancing
- 1-year prepayment penalty applies4
Call for more info: 877-480-7967
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1. This 5/1 Adjustable Rate Mortgage (ARM) is based on non-owner occupied, single-family homes only and includes a discount for an automatic loan payment from a Fremont Bank account. Loan amounts $417,001-$1,000,000. Maximum 70% loan-to-value (LTV). Mortgage insurance is required for loans above 80% LTV. Subject to credit and underwriting requirements. Adequate property insurance (may include flood insurance) required. Borrower responsible for insurance requirements and applicable state, county, city taxes which can be substantial. Actual rate determined after receipt of a completed application and prior to execution loan. Lock in fee required to secure rate. Variable rate loan. Interest rates and payments may increase after consummation.
Rates and terms effective 6/18/2013 and subject to change. Actual payment amounts will vary after the fifth year based on changes in the index. Any change in the index may significantly impact the monthly payment. Since the index in the future is unknown, the payments displayed are based on the current index plus the margin (fully indexed rate). Certain restrictions apply. The following counties can qualify for this program: Alameda, Contra Costa, San Francisco, San Mateo, Marin, Monterey, Santa Clara & Santa Cruz. Other loan programs available. Refers to program 406.
2. Maximum cash out $100,000.
3. Prepayment penalty applies first year and requires you to pay a lump-sum prepayment penalty if home is sold or refinanced during the first year of the loan. Ask your loan officer how much the penalty could be based on your desired loan amount.
LCON-0064-1112
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