ARMs
One-Year Treasury – LP & DU Underwriting - JJCC-01E
- 30-year term- Rate/Payment adjusted every 12 months
- Adjustment is indexed to the United States Treasury securities adjusted to a constant maturity of one year
- 2% maximum rate adjustment
- Assumable, no negative amortization and no prepayment penalty
- Non-Owner, 2-4 units and 2nd home properties not allowed
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