A fully amortizing conventional fixed rate 10 or 15 Year conforming mortgage loan retained and serviced at First Fidelity Bank.
Loan to Value Guidelines
Loan Amount: LTV
- <= $417,000: 80%
- $418,000 - $850,000: 75%
- > $850,000: 65%
Financing available is the lesser of % of appraisal or cost.
- Non U.S. citizens the lesser of 65% of appraisal or cost
- Credit Score: Minimum credit score of 680
- Minimum loan amount: $50,000
- Escrow: First Fidelity Bank will not escrow for taxes and insurance
- Interest Rate: Based upon the prevailing market rate
- The financed property must be an owner occupied. If the property is a second home, it must not be rented.
- A bank conforming appraisal is required on all loans.
- The 10 or 15 Year In-House Mortgages are only applicable to first mortgages.
There may be a down payment required. Annual Percentage Rate (APR) is based on the prevailing market rate and is fixed for the life of the loan. Other restrictions may apply.