| Presidential Loan Products..... | ||||
| Lending Overview |  |
Home Mortgage Programs | |
Apply Online for a Home Mortgage |
| Home Equity Loans | |
Car Loans | |
Commercial Lending |
Commercial Real Estate Loans - non residential
| Representative Transactions | |
| Property Types | Lending Area |
|
Owner Occupied and Investment Properties |
Eastern & Central Time zones |
| Loan Amounts | Loan Maturities |
|
$100,000 to $2,500,000 Higher amounts may be available to qualified borrowers |
Up to 10 Years Larger loans may qualify for up to 25 years |
| Debt Service Coverage | Loan to Value Ratio |
|
Net Operating Income must be at least 1.25 times debt service |
To 75% on Purchases and Refinances To 70% on Cash-out Refinances |
| Rate Adjustment Index | Amoritization |
| Prime Rate (per Wall Street Journal) l-, 3-, or 5-year U.S. Treasury Constant Maturity Yield (per Federal Reserve Board) |
Up to 20 Years |
| Origination Fee | Contact |
| 1 % of Loan Amount | Neil Turlik Robert Hughlett |
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last updated 10/12/2010 lmm
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