Residential Construction Loan Rates as of Thursday, September 09, 2010
|
Product Type
|
% Down
|
Rate
|
Points
|
APR**
|
Monthly Payment per Thousand Borrowed
|
Rate Caps
|
| 5-1 ARM Non-Convertible |
20%
|
5.000%
|
0.50%
|
3.766%
|
$5.37 1st 60 months $4.74 remaining 300 @ a fully indexed rate 3.00%
|
2%/6%
|
Various Terms Available, 30 Yr max margin 2.75% |
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| 3-1 ARM Non-Convertible |
20%
|
4.25%
|
0.50%
|
3.342%
|
$4.92 - 1st 36 months $4.51 remaining 324 @ a fully indexed rate 3.00%
|
2%/6%
|
Various Terms Available, 30 Yr max margin 2.75% |
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**The APR may increase after the consummation of the loan.
Please call Retail Lending at 1-800-696-9401 for more information regarding pre-approvals.
Rates and terms are subject to change without prior notice.
