b1BANK offers a full line of Fannie Mae and Freddie Mac loan programs, with a maximum loan amount of $647,200. Terms for these loans range from 15, 20, 25 and 30-year term limits and are available for primary and secondary residences, as well as investment properties. These programs offer a maximum financing of:
Primary Residence
- PURCHASE – Maximum financing is 97% loan to value ratio (LTV)
- LIMITED REFINANCE (paying off mortgage and closing costs) – Maximum financing is 95% LTV
- CASHOUT REFINANCE – Maximum financing is 80% LTV
Second Home
- PURCHASE – Maximum financing is 90% LTV
- LIMITED REFINANCE (paying off mortgage and closing costs) – Maximum financing is 90% LTV
- CASHOUT REFINANCE – Maximum financing is 75% LTV
Investment Property
- PURCHASE – Maximum financing is 85% LTV
- LIMITED REFINANCE (paying off mortgage and closing costs) – Maximum financing is 85% LTV
- CASHOUT REFINANCE – Maximum financing is 75% LTV
