Home Hunter TV Recap: 6 Month ARM Loan

  • Posted on September 27, 2022 by Price Mortgage

Andy Price recently went on the Home Hunter TV show to talk about our new 6 Month ARM Loan Program!

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.

Program Highlights

  • 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

Original air date: 9/18/2022

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