* ELIGIBILITY AND ASSUMPTIONS: Offer based on a first lien, rate and term Fast Trac refinance fixed rate Loan, on a 30-year, $300,000 loan amount. Property must be owner-occupied, 1-unit, single family residence, PUD or condominium located in California. Second home acceptable. Applicant must have a minimum 740 FICO score, be a W-2 wage earner, have no other financed properties, no subordinate financing and a maximum Loan to value of 60%. If these assumptions are not met, you may still qualify for other Loan products where rates/terms will differ. Restrictions apply and not all applicants will qualify and are subject to underwriting approval. Minimum and maximum Loan amounts apply. This is not a commitment to lend. Jumbo Loan Assumptions: $1,200,000 loan amount, LTV 60%, FICO 780+, Single Family Residence, 24 months reserves.
No closing costs are available on rate/term and limited cash out refinance transactions only. Home Bay Financial will pay the following third party closing costs on behalf of the Borrower: appraisal fees, credit report fees, flood certification fees, escrow/closing fees, signing fees, title insurance fees (lenders policy and endorsements). The Borrower is responsible for paying: prepaid interest, property taxes, state mortgage/transfer taxes, all types of insurance, existing lender payoff fees, survey fees, inspection fees and discount points (if Borrower chooses to pay discount points to buy down the interest rate). Minimum loan amount is $300,000.
