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A $1,500,000 fixed rate loan for the purchase of 94 West Main Street in Plainville, Connecticut.
The move leaves a three-year fixed rate loan for a borrower with a 40% deposit who pays a £995 arrangement fee at 5.
Home buyers today are increasingly favoring an old option when selecting a mortgage: the 30-year fixed rate loan.
offers a 7 percent interest rate on a 30-year fixed rate loan on certain Antelope Valley houses for buyers meeting minimum income levels.
The mortgage pool consists of 62 percent fixed rate loans and 38 percent adjustable rate loans originated by over 90 depository institutions and secured by first liens on average quality multifamily residential properties located nationwide.
In addition to these innovative loans, CalHFA enhances affordability and homeownership opportunities through traditional 30-year fixed rate loans at below market rates.
A ten year, fixed rate loan in the amount of $2,650,000 was obtained by Len Solinsky for a thirteen unit multi-family property in the Bronx.
Classes A-1 and B are secured by a pool of fixed rate loans and adjustable rate loans with a variety of indices, including six-month to five-year Treasuries and the prime rate.