Mortgage
Rates
Notice
Mortgage applications secured by property located outside the Southwest Virginia/East Tennessee market area will not be accepted.
|
1.
|
Rate sheet is intended for use by real estate professionals only! |
|
2.
|
45 Day rate "lock-in" from date of commitment. Lock in does not apply to rates quoted by employees that deviate from the standard rates quoted by the corporation for that day. |
|
3.
|
PMI coverage required on Conforming Loans exceeding 80% LTV. |
|
4.
|
Rates, terms and policies are subject to change without notice. |
|
5.
|
Constr/Perm loans are made on an adjustable rate note with an option to convert upon completion with payment of $19.00 recording fee and a $250 modification fee. (1 year adjustable, index = 1YR T-Bill, Margin 3.00%, 2% annual cap, 6% lifetime cap). |
|
6.
|
5 year adjustable loans (Index = 5YR T-Bill, Margin 3.25%, 2% renewal cap, 6% lifetime cap). |
|
7.
|
Unless noted otherwise a 1st Deed of Trust position is required. |
Notice
Mortgage applications secured by property located outside the Southwest Virginia/East Tennessee market area will not be accepted.