APPLICABLE FEES FOR MORTGAGE LOANS
(FNMA Limits Apply)
Effective 08/07/2000
Application Fee: $150.00
Origination Fee: Please refer to the Loan Pricing Chart below.
(add 1 1/2 points for non-owner occupied investment properties)
Credit Report Fee: $50.00 per applicant
Appraisal Fee:
|
Condominium |
$325.00 |
|
Single Family |
$275.00 |
|
Two Family |
$450.00 |
|
Three Family |
$500.00 |
|
Four Family |
$550.00 |
Loan Amount Limit: (applies to all loan terms)
|
Single Family |
$252,700 |
|
Two Family |
$323,400 |
|
Three Family |
$390,900 |
|
Four Family |
$485,800 |
LOAN PRICING CHART
|
Loan Type |
Loan Term |
Interest Rate |
Points |
APR% |
Minimum Down Payment |
Rate Ceiling |
Index |
|
1st mortgage (1-4 family conforming) |
15-year fixed rate |
7.750% 8.000% 8.250% |
2 1 0 |
8.14% 8.22% 8.31% |
20% |
N/A |
N/A |
|
1st mortgage (1-4 family conforming) |
30-year fixed rate |
8.125% 8.375% 8.625% |
2 1 0 |
8.38% 8.52% 8.66% |
20% |
N/A |
N/A |
|
Loan Type |
Loan Term |
Interest Rate |
Points |
APR% |
Minimum Down Payment |
Rate Ceiling |
Index |
|
1 yr-ARM (1st mortgage, 1-4 family conforming) |
15 years |
7.00% |
2 |
8.73% |
20% |
13.00% |
*** |
|
1 yr-ARM (1st mortgage, 1-4 family conforming) |
30 years |
7.00% |
2 |
8.68% |
20% |
13.00% |
*** |
*** 1 Yr TCM Index = 6.09 %
Current Prime Rate = 9.50%
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For information only. |
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Rates will be determined upon the taking of a commitment or 10 days prior to the closing date. |
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Rates subject to change without prior notice. |
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For further information, please contact the Loan Center: |
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Address: 135-11 Roosevelt Avenue, Flushing, NY 11354 |
Telephone: (718) 961-9898  Fax: (718) 762-0741 |
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