| At AAXA, we understand the value to thinking
outside of the box. That is why we are always searching for creative new
financing products from our great lenders. We are truly excited to bring our
clients the following niche 5/1 ARM products. Much of the terminology on this
page may be confusing at first glance. Simply give one of our loan advisors a
call at 877-RATE-LOW (877-RATE-LOW) to discuss these great options! |
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5/1 Standard LIBOR ARM
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Credit score driven |
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Available for both conforming and jumbo loans. |
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Optional conversion feature (max loan amount for convertible feature $650,000).
Loan can be converted to a fixed rate anytime between month two(2) and month
sixty (60). It is not convertible at the existing adjustable rate. Ask you loan
advisor for details.
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Extended rate locks are available for up to 360 days. These
rate locks have a one time float down option and the borrower can also switch
to a fixed rate if within 60 days of closing. |
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Interest Only Option Available |
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Request a free 5 year arm mortgage
rate quote
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Call us toll free at 877-RATE-LOW (877-728-3569) for a
consultation |
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5/1 Portfolio LIBOR ARM
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Loan-to-value driven. Can do both conforming and jumbo loans. |
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No hits in pricing for non owner occupied properties, second
homes, cash out refinances, large loan amounts, no income verification, no
ratio, or no income-no asset verification as long as the borrower has at least
35% equity in the home (65% CLTV) |
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Extended rate locks are available for up to 360 days. These
rate locks have a one time float down option and the borrower can also switch
to a fixed rate if within 60 days of closing. |
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80/20 combo loans with minimum 620 FICO (credit score). |
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Interest only available with some adjustments. |
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5/1 Pre-pay Portfolio
LIBOR ARM
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Loan-to-value and FICO driven (credit score). |
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Many different adjustments for different scenarios including
Condotels and high-rise condos. |
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Pre-payment penalty does exist (often comes with a lower
rate). |
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Extended rate locks are available for up to 360 days. These
rate locks have a one time float down option and the borrower can also switch
to a fixed rate if within 60 days of closing.
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This program is not available in all states. Our loan advisors
will be able to tell you whether you qualify for this program or not. |
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| These programs are just a small sampling of what
AAXA has to offer. As with any of our lender’s programs, rates and terms are
subject to change without notice. Please contact us toll free at 877-RATE-LOW
(877-728-3569) for a consultation. |
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Find out more about some of our adjustable rate
mortgage programs:
10 Year Adjustable Rate Mortgage
7 Year Adjustable Rate Mortgage
3 Year Adjustable Rate Mortgage
2 Year Adjustable Rate Mortgage
1 Year Adjustable Rate Mortgage
Option
ARM
Convertible ARMs - free fixed rate conversion for first 60 months
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