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FLC Mortgage LLC offers a simple loan program.
 
Conventional Uninsured 7-Year Balloon on 30-Year Fixed Rate
7/1 Adjustable Rate Mortgage (ARM)

Conventional Uninsured 7-Year Balloon on 30-Year Fixed Rate
We offer an uninsured 30-year fixed rate conventional balloon loan that matures (i.e., becomes due) in 7 years.

Term: 7 years   Maximum Amount: $500,000

7/1 Adjustable Rate Mortgage (ARM)
We offer a 7/1 ARM loan that has a fixed rate for 7 years, with a rate adjustment every 12 months after the initial 7 years. The loan matures (i.e., becomes due) in 30 years.

Term: 30 years   Maximum Amount: $500,000



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.