5/1 and 7/1 ARM terms with a maximum amortization of 30 years available
No Private Mortgage Insurance is required
For the purchase ONLY of a Suncoast Owned Property that will be their primary residence. (Includes Single Family, Condo, Townhome, Land and Mobile Home, and Vacant Land)
The interest rate will remain the same for the initial term of the loan (5 or 7 years), then at the end of the initial term the interest rate will be subject to change annually not more than 1.50% each year
$700,000 maximum for Single Family, Condo, and Townhomes
$100,000 maximum for Mobile Home and Land and Vacant Land
Automatic transfer from Suncoast account for monthly payment required