Jumbo Loans
Are you looking for a lower monthly payment on your mortgage? Fremont
Bank offers a 5-year Jumbo Adjustable Rate Mortgage for loan amounts
up to $2.5 million1 with some of the best rates around. Whether
you’re purchasing a home for the first time or refinancing your
existing mortgage, we offer friendly service combined with years of
experience and will partner with you to find the loan that fits your
needs.
|
Or speak with
a Loan Agent
1-877-672-6460
|
Here’s What You’ll Receive:
- Affordable rates for the first 5 years of the loan
- No closing cost option to help save you money2
- Local and dedicated decision making for a quicker response
- Interest-only option improves your cash flow and lets
you pay down your principal for greater flexibility
- An easy online, phone or in-person application process
- 1-year prepayment penalty applies3; on no closing cost options
- Fixed rate options available
Today's 5/1 Jumbo ARM Loans 3.507% APR1
| Sample Loan: |
5/1 Jumbo
ARM Loan |
Loan Amount:
$750,000 |
Initial Rate:
3.750% |
Fully Indexed APR:
3.507% |
Period of Initial Rate:
60 months |
60 Monthly
Payments of $3,473.37 then
300 Monthly Payments between $3,336.99 - $5,554.24 |
| 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. |
Just call our mortgage department at
1-877-672-6460
to speak with your personal loan agent.
Our customers love our service and we know you will
too.
Don't miss out on this golden opportunity - Call us at
1-877-672-6460
!
LCON-0019-1111
|
1.
Based on owner-occupied, single-family homes only and includes discount
for an automatic loan payment from a Fremont Bank account. Loan
amounts $417,001-$2,500,000. Maximum 75% 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. Interest rates and payments may increase after consummation.
After the initial fixed-rate period, interest rate can increase
or decrease annually according to the market index. Any change 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.
2. No Closing Cost loans are subject to terms
and conditions of Fremont Bank’s Application Fee Agreement,
which lists the specific costs and fees the borrower will not pay.
An application fee may be required after a loan application is submitted,
which will be refunded (credited) at loan closing. Borrower is responsible
for paying all fees and charges imposed by brokers or an existing
third party lender (for example, payoff demand statement fee and/or
a reconveyance fee) as well as any prepayment penalty imposed by
any third party lender or Fremont Bank. Loans with lower nominal
interest rates may be available to borrower willing to pay points
and fees.
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. Refers
to program 406. |
