*Payment Example: The rate shown is fixed for 5 years, then becomes adjustable and may increase or decrease once every 5 years. Maximum rate adjustment is 2% per 5 years and 6% over the life of the loan. The interest rate quoted is determined by the weekly average yield on the United State Treasury, securities adjusted to a constant maturity of 5 years (CMT), as made available by the Federal Reserve Board, plus a margin of 2.75%. For a $450,000 loan for a 30 year term with an initial 4.637 Annual Percentage Rate, with maximum periodic rate increases – Maximum Payment is $1,989.43 per month at an interest rate of 3.375% for the first 5 years; $2,443.35 per month at an interest rate of 5.375% for years 6-10; $2,864 per month at an interest rate of 7.375% for years 11-15; $3,227 per month at an interest rate of 9.375. Payment examples do not include amounts for taxes or insurance premiums; actual payment obligation may be greater. Rates are accurate as of the date shown.
** No Closing Cost Offer: Available for owner occupied primary residential purchases and refinances of non-PMCU residential loans, California properties only. Minimum $100,000 loan balance required to qualify for offer. PMCU will pay your closing costs including but not limited to; appraisal, credit report, flood certification, tax service, lender’s title insurance, title services, document fee, wire fee and recording fees. Paid closing costs do not include pre-paid interest, homeowners insurance, initial escrow deposit, owner’s title insurance, or city/and or county transfer taxes. Maximum LTV 95%. Jumbo loans have a maximum LTV of 80%. Borrower may select escrow and/or title company. Rates shown are not intended to be a commitment to the loan type or amount for which you may qualify. This offer is available for residential single family, townhouse, condo or PUD properties located in California, subject to approval. Other restrictions, terms and conditions may apply.
Reimbursement of Closing Costs: If the loan is paid off within 36 months from loan origination, a prorated amount of closing costs will be added to the loan pay-off amount.