Your Path to Homeownership Starts Here

The fee information provided below is based on the Investor’s publicized guidelines. In some cases, the actual fees required may vary because of individual agreements with the Investor, special product guidelines, or other factors not available at the time of application (Redraw Fees, Appraisal Inspection Fees, etc.).

The fees displayed below do not include all third party fees that will impact the cash required at closing (Appraisal, Credit Report, Title Charges, etc.) and are limited to the fees paid to the investor (Application Fee, Underwriting Fee, etc.) or their named providers for fees such as Flood and Tax Service.

If you have any questions related to fees, please reach out to your Investor Account Executive.

A 7/6 Adjustable-Rate Mortgage (ARM) is a home loan where:

• The interest rate is fixed for the first 7 years. During this period, your rate and payment do not change.
• After year 7, the rate adjusts every 6 months. The interest rate and monthly payment may go up or down depending on the market index.
• Adjustments follow a margin + index formula Example: New Rate = Index (SOFR) + Margin (e.g., 2.75%)
• Rate is limited by caps Caps restrict how much the rate can increase:
  - Initial Adjustment Cap (e.g., 2%)
  - Subsequent Adjustment Cap (e.g., 1% every 6 months)
  - Lifetime Cap (e.g., 5% above the start rate)
  This protects borrowers from extreme jumps.