PoppyLoan抵押贷款

We were seeing too many people interested in home loans, who were qualified in every way with great credit scores. But they didn’t have enough money saved up for the 20% down payment required for a conventional mortgage loan.
 
拿到首付款, they would have to tap into their retirement accounts or borrow from a family member. 这并不理想!
 
十大彩票游戏平台还看到湾区的租金飞涨. Many people can actually afford the monthly mortgage (look at the amount of money being paid in rent each month!), but have a difficult time securing funds for the necessary down payment. We wanted to find a solution to this growing problem and help our community.
 
As San Francisco’s credit union of choice, we created a real solution for our community. Our “Proud Ownership Purchase Program for You,” or POPPYLoan™, is our answer.

To qualify for a POPPYLoan, your credit score must be in the excellent or very good range. 这意味着最低分数约为700分.

No, there are never any prepayment penalties on any loan you may have with 十大可靠彩票平台. You can pay off your loan at any time without incurring a prepayment penalty

第一个, a PoppyLoan is only given to someone who intends to use the property for their primary, 房主自住房屋. The property must be in one of these nine Bay-area counties: San Francisco, 圣马特奥市, 阿拉米达, 柯斯, 马林, 纳帕, 索诺玛, 索拉诺或圣克拉拉. 
 
属性类型可以有所不同，包括:
 
*单户住宅
*多户住宅，有2至4个单位
*公寓
*联排别墅
* PUD(计划单位发展)

没有，没有PMI的要求.

 十大可靠彩票平台 may grant a 60-day rate lock at the time we receive your completed appraisal. Otherwise, please note that mortgage rates may change on a daily basis.

十大可靠彩票平台 offers a wide variety of conventional and jumbo home purchase loans available to members with no restrictions on geographical work area, and with higher loan-to-value financing up to 80% (certain restrictions may apply.) If you would like more information about any home purchase programs the Credit Union offers, 或者想多谈谈POPPYLoan, please feel free to call us at [415-359-2977|] or email us at (电子邮件保护)

POPPYLoan没有首付要求. Maximum loan amount and program requirements apply.

No, POPPYLoan is not available to refinance an existing mortgage loan.

POPPYLoan is a 5/1 adjustable rate mortgage which is amortized over 30 years. This means the interest rate and monthly payment are fixed for the first 5 years of the loan and will adjust annually thereafter.

The loan has an opportunity to reprice at the 5-year mark and then once annually at a max of 2% at each adjustment and no more than 6% over the life of the loan.

十大可靠彩票平台收取1美元,700 loan origination fee for any type of mortgage loan with an LTV above 80%. 
 
POPPYLoan also has an additional origination fee based on the loan-to-value and credit score. 请十大彩票游戏平台了解更多详情. Plus, you are also responsible for standard third-party closing costs.

All applicants must qualify for membership and work in San Francisco or 圣马特奥市 County.
 
POPPYLoan eligibility also depends on a number of additional factors, 比如信用评分, 收入, 就业状况, 以及财产价值和资格.

是的, we require you to establish an impound or escrow account which will pay your annual taxes and insurance when they become due. The payment is paid each month with your regular principal and interest payment on your loan.

是的, 在最终批准贷款之前, a property appraisal with an interior and exterior inspection will need to be completed to verify the property meets eligibility standards.

Closing costs are costs associated with a new mortgage. Typical closing costs include fees for appraisal, 产权保险, 标题搜索, 转让税, 结算服务, property taxes and hazard insurance premiums and government recording fees. These fees vary depending on the transaction type and the geographic location of the property.