Michigan jumbo mortgage rates for 5 year and 7 year fixed ARMS

Stated income same rate and terms with 700 score !!!

5 Year ARM:

I would offer 6.375%/6.651% apr

7 year ARM:

I would offer 6.5%/6.671% apr

Assumes a $650k loan amount and an $813k home value, and a $2000 origination fee.  Rates may vary based on loan size.

Special features:

·         Free 60 day rate lock

·         Free float down to the best rate of any day between lock in and 3 days           prior to closing.

·         No escrow required

·         Scores as low as 650 for full documented income

·         Stated income over 700 score no charge

·         Loan amounts up to 1.5 million at the quoted rate

·         NO pmi for loans above 80% ( loan amounts maybe restricted)

Simply the best jumbo loan product I have ever been able to offer

To obtain more information and a to receive a quote specific to your needs and situation email alacey@principlemtg.com and we can schedule a time to talk

 To apply: https://principlemtg.mortgagexsites.com/mercury/loanappweb/LoanAppNew.aspx?AWSAccountsID=438866&LanguageID=1

 Make sure to select Alan Lacey as your loan officer.