Adjustable Rate Mortgage Loans
Program Maximum
Loan Amount		 Rate Margin Points Caps APR Est Pmt
Per $1,000 *
1 Year Adjustable
1 Year Treasury Bill
Conforming		 $417,000 4.300% 2.500% 1.0 1/1/6 4.523% $4.95
 
1 Year Adjustable
1 Year Treasury Bill
Jumbo		 $1,500,000 5.250% 2.750% 1.0 1/1/6 5.453% $5.52
Interest Only Option: add .125% to rate for Conforming & Jumbo. See below for other terms and conditions.
Current Index Value: 1.070%
3/1 ARM
1 Year Treasury Bill
Conforming		 $417,000 5.675% 2.500% 1.0 1/1/6 5.917% $5.79
 
3/1 ARM
1 Year Treasury Bill
Jumbo		 $1,500,000 6.625% 2.750% 1.0 1/1/6 6.846% $6.40
Current Index Value: 1.070%
5/1 ARM
1 Year Treasury Bill
Conforming		 $417,000 5.925% 2.500% 1.0 1/1/6 6.171% $5.95
 
5/1 ARM
1 Year Treasury Bill
Jumbo		 $1,500,000 6.875% 2.750% 1.0 1/1/6 7.100% $6.57
Current Index Value: 1.070%
(Interest Only First Three Years)
3/1 ARM Interest Only
1 Year Treasury Bill
Conforming		 $417,000 5.800% 2.500% 1.0 1/1/6 6.955% $4.83
 
3/1 ARM Interest Only
1 Year Treasury Bill
Jumbo		 $1,500,000 6.750% 2.750% 1.0 1/1/6 7.318% $5.63
Current Index Value: 1.070%
(Interest Only First Five Years)
5/1 ARM Interest Only
1 Year Treasury Bill
Conforming		 $417,000 6.050% 2.500% 1.0 1/1/6 6.834% $5.04
 
5/1 ARM Interest Only
1 Year Treasury Bill
Jumbo		 $1,500,000 7.000% 2.750% 1.0 1/1/6 7.247% $5.83
Current Index Value: 1.070%

Purchase or Refinance

The rates and prices quoted above are effective as of 12/03/2008, are not guaranteed until locked and are subject to change without notice.

  • For more information call a real estate loan consultant at 800.698.7196 or you can visit our website www.CUSoCal.org.
  • Jumbo loans:
    • Loan amount greater than $417,000 to $1,500,000 up to 80% LTV.
    • Loan amount greater than $1,500,001 to $3,000,000 up to 70% combined loan to value.
  • Owner occupied single family residence, condo, PUD & 2-4 units.
  • We lend in the state of California.

Additional Terms

  • The Annual Percentage Rate (APR): is based on a loan amount of $200,000 for the stated term and a Loan-to-Value of 80%.
  • Caps are defined as follows: 1st Adjustment Cap / Subsequent Adjustment Cap / Lifetime Cap
  • Cost to Member: will include points, loan administration fee, title insurance, escrow, recording, processing fee, and impounds for taxes & insurance (if applicable). CU SoCal will send you a Good Faith Estimate of these costs within 72 hours of receiving your completed application.
  • Rate Lock Policy: Member may choose to lock or float the rate. Simply complete a Real Estate Loan Application package, and contact our Loan Consultants at 800.698.7196. The Rate Lock is good for 30 days.

* To determine approximate payment, multiply the number in the Estimated Payment/$1,000 column by the number of thousands of dollars to be borrowed.

We do business in accordance with the Federal Fair Housing Law
and the Equal Credit Opportunity Act.

© 2008 Credit Union of Southern California