Fixed Rates
- Available for country home loans, construction loans and lot loans, and are fixed for the life of the loan.
- Lot loans are available with a balloon payment based on 20-year amortization.
- Fixed-rate loans are fully prepayable.
Fixed-to-Adjustable Rates
- Available for country home loans, construction loans and lot loans.
- Country home and construction loans may be fixed for 7, 10 or 15 years, then converted to 1-year adjustable rate mortgages.
- Country home and construction loans have long-term maturity options.
- Lot loans may be fixed for 7 years, then converted to balloon payment 1-year adjustable rate loans.
- Interest rate caps/floors apply.
- Fixed-to-adjustable rate loans are fully prepayable.
