HomeBridge is pleased to announce that effective June 12, 2013 we will offer a 5/1 and 7/1 ARM on the Agency Conforming and Agency High Balance loan programs.
The following applies to both ARM products:
- LIBOR index
- Caps: 5/2/5
- Margin: 2.25
The 5/1 ARM is qualified using the greater of the fully indexed rate or the Note rate plus 2%
The 7/1 ARM is qualified using the Note rate.
The HomeBridge Agency Conforming and Agency High Balance matrices have been updated with this information and posted to the website at www.homebridgewholesale.com.
If you have any questions, please contact your Account Executive.