REMN Wholesale is pleased to announce that effective May 15, 2014 REMN Wholesale will offer a 3/1 ARM on the FHA/FHA Streamline and VA/VA IRRRL programs.
The following applies to the 3/1/ ARM:
- One year Treasury index
- Caps: 1/1/5
- Margin/Floor: 2.00
The 3/1 ARM is qualified at the Note rate.
The FHA/FHA Streamline and VA/VA IRRRL matrices have been updated with this information and posted on the REMN Wholesale website at www.remnwholesale.com.
If you have any questions, please contact your Account Executive.