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August 2003

New West Coast program offers rates below 5%

We are pleased to announce a new West Coast program that offers low costs, low debt coverage ratios, 30-year amortizations, and great rates. 

Program highlights include:

  • Debt Coverage Ratio of 1.15% on 30-year Amortization
  • Low fees
  • 60 day rate locks
  • Low fixed rates - starting below 6%
  • Non-recourse terms available
  • Loan amounts from $450,000
  • 75% Loan-to-Value
  • Assumable Mortgage Feature

Current rates, which are subject to change, are as follows:

  • 6-month adjustable – 3.95%
  • 3-Year Fixed – 4.60%
  • 5-Year Fixed – 5.95%
  • 7-Year Fixed – 5.75%
  • 10-Year Fixed – 5.75%
  • 15-Year Fixed – 6.50%