| Developed |
20% |
6.250%
|
2
|
6.333%
|
15 Years
|
| Undeveloped |
35% |
6.250%
|
2
|
6.333%
|
15 Years
|
|
Last Update: May 21, 2010 |
| Developed |
20% |
5.375%
|
2
|
5.445%
|
15 Years
|
| Undeveloped |
35% |
5.375%
|
2
|
5.445%
|
15 Years
|
|
Last Update: May 21, 2010 |
These first mortgages are five-year adjustable loans for lots onto which the applicant intends to build their residence. The maximum adjustment each time is 2% with a lifetime adjustment of not more than 4% above the original rate. The interest rate floor is no lower than the original rate.
