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5/1 ARM with 40 year Amortization
- Constant rate for first 5 years
- 1 & 2 family residential owner occupied
- Purchase- 90% of sales price or appraised value, whichever is less
- Refinance- 70% of appraised value for cash out
- Minimum loan of $25,000
- Maximum loan of $417,000
- 40 year term only
- Weekly, bi-weekly or monthly payments
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