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Loan Application Click here Fax to Anne Arledge at 828.859.5744
Tryon
Federal Bank Located in Tryon, NC works closely with us and has streamlined the loan processes.
Tryon Federal Bank has pre-approved all our properties for their
financing programs. Bank rates below are as of 06.30.05 call Anne Arledge
for updates!
Call Anne Arledge at 800.627.1632 Ext 2403 for more info.
3/1 ARM 6.25%
5/1 ARM 6.35%
Customer can select up to a 20-year amortization. The rates caps at the adjustment period will be 2% per year, 6% life of loan. The margin is 2.75%
10-year fixed 7.20%
15-year fixed 7.45%
Interest only: 2 years 6.95(with balloon) or 3 years 7.00 (with balloon)
All loans are available at 90% Loan to value with NO PMI. (Private Mortgage Insurance)
Bank fees: 1% Origination $15.50 Credit report fee
Bank fees do not include the attorney fee, title insurance, or recording fees.
Documentation required with application: Last 2 years W-2's and current pay stub or Last 2 years tax returns, including all schedules if self-employed and a copy of your most recent bank statement - to verify funds for closing.
Call Anne Arledge 800-627-1632 ext.2403
Email Anne Arledge
(fax: 828-859-5744)
ARM = (adjustable rate mortgage) = Interest rate is locked in for 3 or 5 years, then may go up no more than 2% per year and no more then 6% total for the life of the loan.