The advertised loan is a 7/1 ARM (Adjustable Rate Mortgage)
 with a 30-year fully amortizing term. The initial interest rate is 2.625% for 84 months. The disclosed APR is based on the payment of 2  discount points. For a $400,000 loan, there is a 3.329% APR with an initial monthly principal and interest payment of $1607 for the first 84 months. After the initial 84 month period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (1.550% as of 9/19/2016) plus a margin of 2.250%. There is no prepayment penalty. Interest rate quoted assumes a purchase or rate-term refinance with 45 day lock pricing at 80% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rates and payments may increase after consummation. Rate is variable and can increase by no more than 5.000 percentage points after the initial period expires, with a maximum interest rate change every year thereafter of 2 percentage points and a lifetime maximum adjustment of 5.000% (7.625% for this example). If the interest rate adjusted to the maximum rate, which could not occur until after the seventh year, the maximum monthly payment would be $2831. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Interest rate and APR are variable and subject to increase or decrease. Not available in all states. Rates and terms are effective 9/19/2016 and are subject to change without notice. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify.