Fixed Rate Loans
Old Florida Bank offers fixed interest rate mortgages.
- Purchase
- Limited cash-out refinances
- Cash-out refinances
Adjustable Rate Loans
Old Florida Bank offers 1/1 and 3/1 ARMs. This loan typically starts at a lower interest rate than regular fixed loans and is based on the treasury-index. Mortgages are underwritten by this service provider.
Adjustment features:
- 2% initial interest rate adjustment limit
- 2% annual interest rate adjustment limit
- 6% lifetime interest rate cap
Jumbo Loans
The minimum jumbo loan amount for one-unit properties is $359,650.
Refinances
We can combine first and second mortgages to give you a lower payment or maybe lower your interest rate. You may wish to consolidate debt and receive cash out.
Expanded Approval
Old Florida Bank offers a mortgage for less than perfect credit that can give you a Timely Payment Reward.
- Borrower has opportunities to receive interest rate reductions for demonstrating "Good Payment History".
Construction Loans
This loan gives the ability to have your home built in one year while you pay interest only during the construction period.
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Whether you are purchasing or refinancing your home, Old Florida Bank can make you experience convenient and affordable.
