THE GRADUATE
PAYMENT LOAN
0.50% Rate with a 40 Year
Amortization for the First 12-Months
Low Rates of the Graduated
Payment Loan
|
Year |
VIVA |
SIVA |
SISA |
NINA |
|
1 |
0.50% |
0.50% |
1.00% |
1.40% |
|
2 |
1.25% |
1.25% |
1.75% |
2.15% |
|
3 |
2.00% |
2.00% |
2.50% |
2.90% |
|
4 |
2.75% |
2.75% |
3.25% |
3.65% |
|
5 |
3.50% |
3.50% |
4.00% |
4.40% |
VIVA = verified income and
verified assets (full documentation)
SIVA = stated income and
verified assets (reduced documentation)
SISA = stated income and
stated assets (reduced documentation)
NINA = no income and no
assets (reduced documentation)
Key Points to Loan:
-
40-Year
Amortization
-
Allow all Document
Types (i.e. Stated Income, Full Doc.)
-
Minimum FICO score
of 620 is Required
-
Owner Occupied Properties only
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