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Revised June 12, 2018
Conventional Saleable Mortgage Loans for Primary & Secondary Residences-Servicing Retained (‡)
|Loan type and Term||Rate (%)||Points (%)||APR (%)*||Payment per $1000**|
|30 Year Fixed Rate||4.750||0||4.800||$5.22|
|30 Year Fixed Rate||4.625||1.00||4.762||$5.14|
|30 Year 3/1 ARM Variable Rate (1)||4.375||2.00||4.597||$4.99|
|30 Year 5/1 ARM Variable Rate (1)||3.375||0||4.197||$4.42|
(1) ARM=Adjustable Rate Mortgage, 1 Year LIBOR plus a margin of 2.75% rounded to the nearest 0.125% with a minimum rate of 2.75%.
Home Equity Loans for Primary and Secondary Residences
|Loan type and Term||Rate (%)1||Points (%)||APR (%)*||Payment per $1000**|
|15 Year Fixed Rate||5.990||0||6.006||$ 8.43|
|10 Year Fixed Rate||5.750||0||5.772||$10.98|
1) 0.25% reduction in rate with UB auto pay
Maximum loan-to-value of 80% unless otherwise noted. In some instances, loan-to-value may exceed 80% with private mortgage insurance.
All ARM product rates may increase after loan origination.
Rates and points are subject to change at any time prior to commitment and may change depending on the circumstances of the specific transaction.
(‡) Includes New and Used Multi-wide Manufactured Housing permanently affixed to owned land and may include term and loan to value restrictions.
* APR = Annual Percentage Rate. Annual Percentage Rate is based on $100,000 loan amount with a 20% down payment and the maximum term. Loans with less than a 20% down payment require private mortgage insurance.
** Payment may be higher if escrows for property taxes and insurances are applicable.