| |
FIXED RATE MORTGAGES For Owner-Occupants
|
Loan Term |
Call for Price Adjustments |
Maximum Loan to Value
|
|
|
Interest Rate |
Points |
APR |
Purchase |
No Cash out Refinance |
Cash out Refinance |
Principal & Interest Monthly Payment
|
|
30 Years |
5.750%
|
1.875%
|
6.00%
|
95%
|
90%
|
70%
|
$583.57
|
|
30 Years |
6.125%
|
0.125%
|
6.21%
|
95%
|
90%
|
70%
|
$607.61
|
|
15 Years |
5.250%
|
1.750%
|
5.64%
|
95%
|
90%
|
70%
|
$803.88
|
|
15 Years
|
5.750%
|
0.125%
|
5.89%
|
95%
|
90%
|
70%
|
$830.41
|
|
7 Year Balloon/Reset(2)
|
6.250%
|
|
6.71%
|
80%
|
80%
|
70%
|
$615.72
|
Maximum loan amount is $625,500; other rates and terms available for higher loan amounts and investors. Must be secured by residential real property located in Hawaii. Contact our Guam Loan Center for Guam rates and terms.
1. Monthly payment based on a $100,000 loan amount.
2. 7 year balloon/reset loan has an initial rate fixed for the first 7 years,
then either a balloon payment of $90,029.26 is due or the loan can be reset
and amortized over the remainder of the 30 year term at the then current
rate plus .500% (not to exceed 5% of the initial rate.).
ADJUSTABLE RATE MORTGAGES For Owner-Occupants
|
Loan Term |
Call for Price Adjustments |
Maximum Loan to Value
|
|
|
Interest Rate |
Points |
APR |
Purchase |
No Cash out Refinance |
Cash out Refinance |
Principal & Interest Monthly Payment
|
|
1-Year ARM*
|
4.625% |
2.250%
|
5.52%
|
95%
|
90%
|
70%
|
$514.14 |
*Principal and interest monthly payment
for the first year based on $100,000 loan amount. After the first year,
the rate will adjust annually (not more than 2% in a year or more than 6%
during the life of the loan) based on the 1-Year T-Bill rate plus a margin.
Maximum loan amount is $625,500. Must be secured by residential real property
located in Hawaii. Other rates and terms available for higher loan amounts
and investors. Contact our Guam Loan Center for Guam rates and terms.
HOME EQUITY CREDIT LINES
|
Loan Type
|
Based on 91-Day Treasury Bills
|
|
|
|
|
|
Index
|
Margin
|
APR(1)
|
Fully Indexed
Rate(2)
|
Minimum Rate
|
Maximum Loan to Value
|
Principal & Interest Monthly Payment(3)
|
| For Owner-Occupants |
2.058%
|
4.000%
|
4.990%
|
6.058% |
4.990%
|
80%
|
$83.01
|
| Investors |
2.058% |
4.250%
|
5.240%
|
6.308% |
5.240%
|
80%
|
$85.07
|
1. Initial APR is not based on index and is
fixed for one year; then adjusts to the fully indexed rate; maximum APR
is 19%. Rates and terms may vary based on credit history, loan-to-value
ratio, financial condition of applicant, condition of collateral and whether
applicant is an owner-occupant or investor.
2. Fully indexed rates may change quarterly based on the prior quarter's
average of 91-day T-Bills plus the margin. Effective as of date 4/01/08.
3. Payment examples based on $10,000 outstanding balance for 30 days. Interest only payments are also available. Minimum payments may not fully repay the principal balance at maturity resulting in a balloon payment.
Must be secured by fee simple property located in Hawaii only. Contact
our Guam Mortgage Center for Guam rates and terms.
CONSTRUCTION LOANS For Owner-Occupants
|
Loan Term
|
Interest Rate |
Points |
APR |
Maximum Loan to Value Single Family |
Interest Only
Monthly Payment |
Balloon Payment |
| 1 Year |
6.375%
|
2.000% |
14.744%
|
75% |
$531.25
|
$100,531.25
|
*Interest only monthly payments (based on a
$100,000 loan amount) will not fully repay the principal loan amount and
a balloon payment will be due at the end of the loan term. Must be secured
by residential real property located in Hawaii. Higher LTVs will be considered
and other rates and terms available for investor loans and commercial
construction loans. Contact our Guam Mortgage Center for Guam rates and
terms.
CONSTRUCTION+PERMANENT LOANS For Owner-Occupants
|
Loan Term
|
Interest Rate
|
Points
|
APR
|
Maximum Loan to Value Single Family
|
Interest Only Monthly Payment During Construction
|
Principal & Interest Monthly Payments
|
| 30 Years |
6.250%
|
2.500%
|
6.564%
|
75% |
|
$1,246.04
|
*A $200,000 construction loan, will have 12 interest only monthly payments
that will be based on the amounts actually disbursed for construction (the
amount shown is what your monthly payment will be when your loan is fully
disbursed). After construction, the loan will convert to a permanent loan,
and will have 348 principal and interest monthly payments. If rates are
lower after construction, you may be able to exercise a one-time option
to "Float Down" to a lower fixed interest rate of the same loan
term within 10 days of the last disbursement of the construction loan and
completion of the final inspection. Written notice and a $250 non-refundable
deposit (applied towards closing costs) are required and other costs including
a 1.00% loan fee, processing and closing fees will be charged. Available
for owner-occupied and second homes only. Credit qualification and other
restrictions apply; please call for details. Other rates and terms are available
for investor loans and commercial construction loans. Must be secured by
residential real property located in Hawaii. Contact our Guam Mortgage Center
for Guam rates and terms.
LAND LOANS
| Loan Term
|
1-Year
T-Bill Index
|
Minimum Margin
|
Interest Rate
|
Points
|
APR
|
Maximum Loan to Value
|
Interest Only Monthly Payment
|
Balloon Payment
|
| 1/1/3-Year ARM (1) |
1.93%
|
3.500%
|
6.250%
|
2.000%
|
7.192%
|
75%
|
$615.72
|
$96,869.37
|
| 1/1/3-Year ARM (1) |
1.93%
|
3.625%
|
6.500%
|
1.000%
|
7.062%
|
75%
|
$632.07
|
$97,049.31
|
| 2/1/3-Year ARM (2) |
1.93%
|
3.500%
|
6.750%
|
2.000%
|
7.697%
|
75%
|
$648.60
|
$97,223.57
|
| 2/1/3-Year ARM (2) |
1.93%
|
3.625%
|
7.000%
|
1.000%
|
7.565%
|
75%
|
$665.30
|
$97,392.27
|
| 3 Yr Fixed Rate |
n/a
|
n/a
|
7.000%
|
2.000%
|
7.950%
|
75%
|
$665.30
|
$97,392.27
|
| 3 Yr Fixed Rate |
n/a
|
n/a
|
7.250%
|
1.000%
|
7.817%
|
75%
|
$682.18
|
$97,555.52
|
Interest only monthly payments (based on a $100,000 loan amount) will
not repay the principal loan amount and a balloon payment will be due
at the end of the loan term. Minimum loan amount is $25,000. Available
on fee-simple, improved lots located in Hawaii. Other restrictions may
apply for AG zoned or Lava zoned lots. If a land loan is obtained from
Finance Factors the borrower must intend to build on the lot and provide
a written statement of intent to build specifying timeframe, resources
and estimated cost of construction. If a Construction+Permanent Loan is
obtained from Finance Factors within the first twelve months of a Finance
Factors Land Loan, the borrower will be credited half of the point dollars
paid to Finance Factors for their Land Loan (excluding mortgage broker
fee); credit will be applied toward points on their Construction+Permanent
Loan. Other rates and terms available for investor loans, and commercial
properties.
1) After the first year, the rate will adjust annually (not more than
2% in a year or more than 4% during the life of the loan) based on the
1-Year T-Bill rate plus a margin.
2) After the first two years, the rate will adjust annually (not more
than 2% in a year or during the life of the loan) based on the 1-Year
T-Bill rate plus a margin.
INTERIM BRIDGE LOANS For Owner-Occupants
|
Loan Term
|
Interest Rate
|
Points
|
APR
|
Maximum Loan to Value
|
Interest Only
Monthly Payment
|
Balloon Payment
|
|
12
|
6.625%
|
3.000%
|
10.969% |
70%
|
$552.08 |
$100,552.08 |
|
12
|
7.125%
|
2.000%
|
10.399% |
70%
|
$593.75 |
$100,593.75 |
|
24
|
7.875%
|
2.000%
|
9.583% |
70%
|
$656.25 |
$100,656.25 |
1) Interest only monthly payments (based
on a $100,000 loan amount) will not repay the principal loan amount and
a balloon payment will be due at the end of the loan term. Must be secured
by residential real property located in Hawaii. Other rates and terms available
for investor loans, condos, and commercial loans. Contact the Guam Mortgage
Center for Guam rates and terms. |
