Investment Properties
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 points.
For five units or more click here.
- Loan amounts up to $1 Million1
- No point options
- Condominiums included
- Cash out options available2
- No aging requirement
- Available for new homes and refinancing
- 1-year prepayment penalty applies3
Call for more info: 877-480-7967
Today's 5/1 Jumbo ARM Loans 3.925% APR1
| Sample Loan: |
5/1 Jumbo
ARM Loan |
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 |
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.
Mortgage rates are lower than they’ve ever been! There’s no better time to purchase an investment property than right now; and there’s no better bank to do it with than Fremont Bank. Call our mortgage department at 877-480-7967 to speak with a loan agent before these low rates disappear
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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 of loan. Lock in fee required to secure rate. Variable rate loan. Interest rates and payments may increase after consummation.
Rates and terms effective 2/22/2012 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-0064-0911
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