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Jumbo Adjustable Mortgages

Jumbo Adjustable Rate
Adjustable Rate Mortgages (ARMs) do not have a fixed interest rate for the life of the loan. The rate adjusts periodically based on an index that changes with the marke.

Loan Amounts with Jumbo ARM Mortgages:
One-Unit Properties:
  • Up to $3,000,000
Benefits for Adjustable Jumbo Mortgages include:
  • Low initial interest rate
  • Lower initial payments
  • Increased purchasing power
  • Many purchase options available
With a Jumbo Adjustable Rate mortgage, the subject property may be:
  • Single family units (owner occupied only)
  • Second home (single family units and Condominiums only)**
  • Condominium
  • Planned Unit Development
  • Townhouse

New rates are calculated as follows: Index + Margin rounded to the nearest 1/8th

* Mortgage loans are available in all states except Texas
** the property that will secure the loan must become your principal residence at some future time.



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