Wisconsin, Illinois and Florida Construction
and Lot Loans
Program requirements differ in Illinois
and Florida please contact
us for details
| Program: | Rate: | Points/Origination: | APR: |
| 3/1 ARM | 6.125 | 0.50 | 6.259 |
| 5/1 ARM | 6.500 | 0.50 | 6.637 |
FINANCE UP TO 95%
30 DAY RATE LOCK
60 DAY RATE LOCK AVAILABLE
1 CLOSING FOR THE CONSTRUCTION LOAN AND THEN NO OTHER CLOSINGS
12 MONTH INTEREST ONLY CONSTRUCTION PERIOD
RATE FIXED UNTIL THE END OF THE ARM PERIOD
CONVERT TO A 30 YEAR FIXED RATE AT THE END OF THE ARM PERIOD - NO CLOSING
1/1 ARM AVAILABLE - PLEASE CALL FOR RATES
Wisconsin Lot Loans
Program not available in Illinois
and Florida
| Program: | Rate: | Points/Origination: | APR: |
| 1/1 ARM | 6.725% | 0.50 | 6.882 |
| 3/1 ARM | 6.875% | 0.50 | 7.034 |
LOT LOANS AVAILABLE AT DIFFERENT RATES
90% LTV UP TO AND INCLUDING 5 ACRES
80% LTV GREATER THAN 5 ACRES AND UP TO AND INCLUDING 20 ACRES
70% LTV GREATER THAN 20 ACRES AND UP TO AND INCLUDING 80 ACRES
1/1 ARM AND 3/1 ARM AVAILABLE - NOT CONVERTIBLE TO FIXED
RATE
THE LOAN IS AMORTIZED OVER 20 YEARS
MUST BE BUILDABLE
MINIMUM LOAN AMOUNT OF $25,000.00
MAXIMUM LOAN AMOUNT OF $250,000.00
RATES ARE SUBJECT TO CHANGE WITHOUT
NOTICE
Current
Mortgage Rates
About Ameristar
Mortgage
Mortgage Programs
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Mortgage
