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| FIXED RATE CONFORMING LOAN |
| NON-CONFORMING (JUMBO) FIXED RATE LOAN |
| CONFORMING & NON-CONFORMING ADJUSTABLE RATE LOANS |
| INTEREST ONLY LOANS |
| FIRST TIME HOMEBUYER PROGRAMS |
| RURAL HOUSING LOANS |
| SMALL BALANCE COMMERCIAL LOANS |
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FIXED RATE CONFORMING LOAN
10,15, 20, 30, AND 40 YEAR TERMS AVAILABLE
Term: 30 years
Maximum Amount: $417,000
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NON-CONFORMING (JUMBO) FIXED RATE LOAN
15 and 30 Year Fixed Rate Loans - Fully Amortizing
Term: 30 years
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CONFORMING & NON-CONFORMING ADJUSTABLE RATE LOANS
1/1, 3/1, 5/1, 7/1, and 10/1 ARMs - FULLY AMORTIZING AND INTEREST ONLY CONFORMING LOANS
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INTEREST ONLY LOANS
3/1, 5/1, 7/1 10/1 Libor Conforming ARMS Interest Only
5/1, 7,1, and 10/1 Libor Agency Jumbo 10 year Interest Only
30-year Fixed rate Agency Jumbo w/10 year Interest Only
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FIRST TIME HOMEBUYER PROGRAMS
Various Community Mortgage Programs up to 95% loan to value with mortgage insurance
The Housing and Economic Recovery Act of 2009 authorizes a $8,000 tax credit for qualified first-time home buyers purchasing homes before December 31, 2009.
CONSULT WITH YOUR LEGAL PROFESSIONAL OR TAX ADVISOR FOR SPECIFIC INFORMATION ABOUT YOUR UNIQUE SITUATION.
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RURAL HOUSING LOANS
Program Highlights
- Guaranteed by the USDA (United States Department of Agriculture)
- 102% financing based on appraised value. (One-time guarantee fee of 2% can be financed).
- 30 year fixed rate loans
- No monthly mortgage insurance.
- Unlimited Seller Concessions
- 100% Gifting permitted. Donor must be a disinterested third party.
- Eligible counties: The following counties are 100% eligible: Box Elder, Tooele, Juab, Millard, Beaver, Iron, Rich, Morgan, Summit,, Wasatch, Carbon, Emery, Wayne, Garfield, Kane, Daggett, Uintah, Grand, and San Juan.
- Partially eligible counties: Cache (all eligible except Logan, N. Logan, River Heights, and Providence), Weber (Eden, Huntsville and east are eligible), Utah ( Saratoga Springs and Box Elder are eligible to the west; South of Lakeshsore in the southern part of county are eligible), and Washington (Washington, St. George and Santa Clara are ineligible).
Term: 30 years
Maximum Amount: $417,000
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SMALL BALANCE COMMERCIAL LOANS
Program Highlights
- Purchase, Refinance and Equity loans land lines of credit from $50,000 to $500,000
- Easy, streamlined submission process
- No appraisal fee
- No title fees on refinance or equity transactions
- 1% loan origination fee which can be waived on fixed rate loans with a .35 bps add to the rate
- Wide variety of eligible property types, including retail, office building, warehouse, restaurant, asisted living, self-storage, mixed-use, multi-family and more.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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