When you need a little more wiggle room in your budget, an adjustable-rate mortgage (ARM) may make sense for you. Flexible and budget-friendly to help get into the home of your dreams!
Sharonview offers 5/6, 7/6, and 10/6 ARMs with as little as 0% down payment for conforming loans and 3% down on Jumbo loan amounts. Here's some additional information:
|
Conforming |
Jumbo |
| Low Down Payment |
0%-3% down |
3%, 5%, 10% down |
| Loan Value |
Up to $806,500 |
$806,501 to $2 million |
| Primary Residence Only? |
Yes |
Yes |
Membership eligibility required. All offers subject to credit approval. Jumbo mortgages are for amount exceeding $806,500 (with a maximum of $1 Million). Jumbo mortgages over 80% loan-to-value (LTV) normally require mortgage insurance. Different programs have differing credit score and LTV requirements. Conominiums, second homes, and investment properties may be ineligible for certain programs. Additional property and borrower eligibility restrictions may apply; contact us for details. Applications accepted for properties located in NC, SC, NJ, PA, VA, TN, GA, FL. Third party charges, origination fees, points and interirm interest may apply. Terms and conditions subject to change without notice.
Interest on any portion of the loan that exceeds the value of the dwelling is not tax deductible. Consult your tax advisor.