
Rose District Lending Program
LOCAL SERVICING
Purchase or Refinance
- No Private Mortgage Insurance (PMI)
- No Origination Fee
- Up to 90% Loan-to-Value (LTV)
- Up to 30-Year Term
Rehab/Home Improvement
- No Private Mortgage Insurance (PMI)
- No Origination Fee
- Up to 100% Loan-to-Value (LTV)
- Up to 10-Year Term
VARIABLE-RATE MORTGAGE DISCLOSURE
This loan has an adjustable interest rate. The interest rate and monthly payment may increase after the loan is consummated. The initial interest rate is not guaranteed and may increase based on changes in the index.
Initial Rate as of 11-1-2025 6% - Annual Percentage rate of 6.27% based upon $100,000 loan 30-year term. Fees- third-party fees apply, AVB processing fee of $350.00. No PMI required up to 90% LTV. Initial Rate Period: The initial rate is fixed for the first 5 years. Adjustment Frequency: After the initial period, the rate may adjust every 12 months. Index: This loan is tied to the WSJ Prime rate index, as published by Wall Street Journal. Rate as of 11-25-2025 is 7.00% Margin: Your interest rate will equal the index plus a margin of 0%.
Rate Caps: Initial Adjustment Cap: 2% Subsequent Adjustment Cap: 2% per adjustment period Lifetime Cap: The rate will not increase more than 18% above the initial rate. Payment Changes: Your monthly principal and interest payment may increase or decrease after the initial fixed-rate period, based on changes in the index and margin. Not an offer to extend credit. All loans are subject to credit approval, available collateral, and underwriting guidelines. Rates, terms, and conditions are subject to change without notice.