Portfolio Home Loans

[Features and Benefits] [Interest Rate Plans]

If your property does not meet conforming loan requirements of mainstream lenders - or if you just want to make sure your mortgage continues to be serviced locally - a GreenStone FCS Portfolio Loan is what you need.

GreenStone Portfolio Loans are a competitive source of financing for loans that are non-conforming in nature. Often, these properties have extra acreage or amenities. Additionally, portfolio loans are designed for the home owner that wants to be assured that their loan will be serviced locally from application to maturity. GreenStone has very competitive pricing options available for portfolio loan programs. Frequently, GreenStone is the most favorable source of fixed-rate financing for these types of properties.

We also offers construction and home site loans.

Features and Benefits

Feature	Benefit
Local Servicing	Your mortgage will continue to be owned and serviced locally by GreenStone FCS.
Online Banking	You can transact business from the comfort of your home or office by using our Online Banking. Available functions include account inquiry, electronic payments and other transactions.
Pre-Authorized Installment Draft (PAID) Option: Automatic Withdrawal of Payments.	Our PAID option allows your monthly payment to be automatically deducted from your bank account, which is convenient and saves you time and money.
Conversion Option	Presently, we offer a conversion option that allows you to change from one pricing plan to another at any time, something that many lenders will not do. Even though a small fee may apply, this option is generally less costly and simpler than refinancing your loan.
Loan is Fully Assumable.	This means that if you sell your property, a qualified buyer could assume your mortgage. This is very attractive to a lot of buyers and could make your property easier to sell.
Rate Lock Option	Eliminate the risk of raising rates by locking in at time of application for 75 days with no rate lock fee. You may extend the rate lock for up to 4 additional periods, in 30-day increments (with a minimal fee).
Escrow of Taxes and Insurance is Optional	If you qualify, GreenStone will not require you to escrow your taxes and insurance with your monthly payment. However, escrow is still available for anyone who wishes to use it.
Advance Payments can be Placed into Funds Held.	When you have excess cash, you can deposit the money into your Funds Held account, which can then be used to make your future mortgage payments, insurance or property taxes. You earn a competitive interest rate on these funds as determined by GreenStone.

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Interest Plans

You can select from three pricing options to meet your unique needs:

Adjustable Rate Mortgages (ARM): Loans may be priced on 1, 3, 5 or 7 year repricing periods with terms of 10 to 30 years. ARMs have interest rate caps of 2% per pricing period and 6% over the life of the loan. These loans DO NOT balloon.
Variable Rate Mortgages: Variable (30 day adjustable) products include variable or variable with rate cap options. These rates are subject to change on a monthly basis. They can be pre-paid or converted at any time without penalty. This is a very flexible and affordable rate choice.
Fixed Rate Mortgages: The rate remains fixed for the life of the loan. Pricing maturities of 15, 20 and 30 years are available. This product is appropriate if you wish your rate and payments to remain the same over the life of the loan.

Interest Type	Index	Re-pricing Frequency	Maturity Min/Max	Comments/Features
Indexed Adjustable Rate Mortgage (ARM)	Initial rate is set at rate lock or closing. At repricing, rate is based on one or three year Federal Farm Credit Bonds Index as of 45 days prior to rate change date.	1 year 3 years 5 years 7 years	15 years 20 years 30 years	ARMs offer rate caps of 2% per rate change and 6% lifetime. Three year product automatically reprices to another three year product.
Variable and Variable with Cap	Rate may change monthly.	Monthly	15 years 20 years 30 years	Cap product is offered with a 6% lifetime rate cap. No prepayment penalties.
Fixed	Rate is set at the time of rate lock or loan closing.	N/A	15 years 20 years 30 years	No prepayment penalties.

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