5/1 Home Loan Limited-time offer
At Patelco we are always looking for ways to improve your overall financial health. And that’s why you can save on a great low rate on home loans that puts more money back into your pocket.
How it works:
- Fixed interest rate for the first 5 years
- After initial fixed period, interest rate adjusts yearly based on the current index
- 30-year term
Talk to one of our mortgage experts to get a free total cost analysis on your new or existing mortgage.
Offer ends 5/31/19APPLY TODAY
¹ Rates as of March 1, 2019. This promotional rate must be locked before May 31, 2019. Available on Conforming and Jumbo loans for both purchase and refinance. The index on the adjustable rate mortgage (ARM) is the weekly average of the 1-year US Treasury securities adjusted to constant maturity of one year, as made available by the Federal Reserve. The caps are 2.00% annually and 6.00% lifetime based on the initial rate. The current index is 2.100%. Only available in CA. For refinances, the information provided assumes a loan amount of $700,000 and an estimated property value of $875,000. The property is an existing single family home and will be used as a primary residence. The rate lock period is 60 days and the assumed credit score is 760. Cash back to the applicant cannot exceed $2000 for this scenario. For purchases, the information provided assumes a loan amount of $700,000 and an estimated property value of $875,000. The property is an existing single family home and will be used as a primary residence. The rate lock period is 30 days and the assumed credit score is 760.
Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373