1. Up to 105% loan to value (LTV) financing on home purchases. Up to home’s purchase price or appraised value, whichever is less. For loans with an LTV exceeding 100%, borrower must establish direct deposit and have a qualifying Coastal deposit account in addition to the Primary Share account.
For a $250,000 loan for a term of 30 years with a 4.50% APR, the monthly payment is $1,267.00. Taxes and insurance are not included in this payment example and that the actual payment obligation could be greater.
For a $150,000 loan and a term of 7/1 ARM with a 3.00% initial interest rate, the APR for this loan type is 3.305%, subject to increase. Based on current market conditions, the monthly payment schedule would be 84 payments of $632.40. Taxes and insurance are not included in this payment example and that the actual payment obligation could be greater.
All loans are subject to approval. Additional product restrictions, terms, and conditions may apply. Membership eligibility required.
HomeReady® is a registered trademark of Fannie Mae. Income limits may apply.
** Carrier data rates may apply.