10% Down, No PMI, 5.50% Mortgage Rate to $1.15 Million Loan, No Points 5/1 ARM

Many of my clients are having great success and saving the most money by getting a portfolio loan program offered by one lender in the industry. Interestingly, one of my clients is a successful Loan Officer at a mortgage company, who can’t get this loan at his company. So, he’s using my service to save a ton of money.

Loan example for borrower Megan: $940k purchase, $835k loan amount, 11% down payment, attached townhome, 740+ FICO = 5.50% rate, 6.419% APR, 5/1 ARM, no points, no PMI, $1,200 lender fees, ALL STATES.

Program details:

• 10% down to $1.15 million, higher loan amount exceptions possible
• 680 FICO minimum
• Owner occupied
• SFD, condo, townhome (no manufactured)
• 30 year fixed, 5/1, 7/1, 10/1 ARMs
• Membership and banking with direct deposit relationship required
• Restrictions apply.

Rave client review:
“Dan Stone did a great job. I have been in the mortgage business for 30 years and I was looking for a program I could not find. Dan found it for me and at a great rate.” -David L.