AgentOwned Realty
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Jumbo Loan Unmatched in Market

Posted By: Liza Valero In: Mortgage
Date: Sun, Mar 9th 2014 4:19 pm

Prosperity Home MortgageAgentOwned Realty's mortgage partner, Prosperity Home Mortgage,
is very excited about their extremely unique Jumbo Loan product:

The 5/5 ARM for Jumbo loans.

If you have ever shopped for a Jumbo loan, you know how difficult and inflexible they can be. But Prosperity's 5/5 ARM is so unique, I asked Dan Strecker, Prosperity Home Mortgage Regional Branch Manager SC, to give me the details so that it could shared with everyone!

This product is so popular and unmatched in the market that it would be a good idea to include in all Jumbo listings as well as present to all Jumbo buyers. 

  • Dan Strecker Branch Manager Prosperity Home Mortgage of SC         80% Loan-To-Value up to $3,000,000
  •   Allowed to have a 10% 2nd mortgage with $750,000 or less loan amount on the first mortgage.
    • o   5% 2nd mortgage allowed if first mortgage is over $750,000
  • Primary and Second homes only.
  •   5/5 ARM.  Adjusts after the 5th year and then every 5 years.  Max first adjustment is 2%.
  •  Current rate is 2.75%   …as of 3/10/14 3pm.

Example:  3% rate for the first 5 years.   Then a maximum of 5% for the next 5 years.

For more information, contact Dan Strecker (843) 696-7928 DStrecker@PHM-SC.com or contact any of the Prosperity Home Mortgage Loan Officers that are located in each of the AgentOwned Realty locations.

Other questions may be directed to me, Liza@AgentOwned.com.