6 Month ARM Loan
Priced out of the market? With rates more than doubling since the beginning of the year, our new 6 month ARM program can provide you a much lower payment during this period of high rates!
This is great program that may be a HUGE difference in getting more of you approved for an affordable payment in this market.
- Qualify at the note rate +2%
- Loan amounts from $200,000 – $2,000,000
- Max LTV is 90% (with no mortgage insurance!)
- 680 Min FICO score (can do 660 FICO with 20% down)
- Max DTI ratio is 45%
- Primary homes, second homes, and investment properties
- These have slightly different parameters
- 1-4 Unit properties
- Follows the SOFR index, which is less volatile