AVAILABLE LOAN PROGRAMS

FHA, VA, Conventional & Jumbo Programs

FHA Purchase, Refinance & 203(k) Rehab Loans (subject to HUD set loan limits)

• 30 Year Fixed Rate Loan
• 20 Year Fixed
• 15 Year Fixed
• 10 Year Fixed
• 1 Year Adjustable
• 2/1 Buydown

VA (Veterans Only) Purchase & Refinance up to 100% of Value

• 30,20,15 & 10 Year Fixed

CONVENTIONAL (Typically defined as non-government loan programs that meet
Fannie-Mae or Freddie-Mac Guidelines and do not exceed $240,000)

FIXED RATE PROGRAMS

• 30 Year Fixed
• 20 Year Fixed
• 15 Year Fixed
• 10 Year Fixed
• 2/1 Buydown

ADJUSTABLE RATE MORTGAGE PROGRAMS

• 1 Year ARM- Rate adjusts annually based on the 1 year treasury index
• 3/1 ARM- adjusts after 3rd year & annually thereafter based on the 1 year treasury index
• 3/3 ARM- adjusts every 3 years based on the 3 year treasury index
• 5/1 ARM- adjusts after 5th year & annually thereafter based on the 1 year treasury index
• 7/1 ARM- adjusts after 7th year & annually thereafter based on the 1 year treasury index
• 10/1 ARM- adjusts after 10th year and annually thereafter based on 1 year treasury index
  A Net 5 year interest only loan-simple interest payment for first 5 years and annually adjusts thereafter based on
• the 1 year treasury index, loan amounts above 240,000 only.
• COFI ARM- adjusts after 3 months then monthly basis based on the Eleventh District Cost Of Funds Index
• LIBOR ARM- Adjusts monthly based on the London Interbank Offer Rate
• Construction, Rehab & Lot Loans (Call For Terms & Pricing)
• Commercial Lending Available

American Ideal Mortgage 7548 B Main Street Sykesville, MD 21784

Office: 410-552-1420 Toll Free: 800-549-3350 Fax: 410-552-1862

E-Mail: loanapproved@rcn.com