Loan programs are subject to credit approval. Other terms, conditions, restrictions & fees may apply. Full documentation, title & property insurance required. Flood insurance required if property is located in a Special Flood Hazard Area. Mortgage loan programs offering minimal down payment options may require mortgage insurance.
The Interest Rate & APRs displayed are accurate as of 10/20/2017 12:00 PM PST, and are subject to change without notice. These are posted for example purposes and do not constitute a commitment to lend.
The APRs displayed depend upon many variables based on loan programs, agency requirements, terms and underwriting guidelines. They reflect the current interest rate and may include discount points (as indicated in each specific loan program to the right, as applicable) and do not include other specific finance charges you may be required to pay. Quotes are based on a mortgage loan for residential home purchase transactions not for refinances and are based upon a 30 day rate lock period. Loan pricing can only be locked with an Umpqua Loan Officer or our Direct Lending Group.
Payments shown above do not include amounts for taxes and insurance. Actual payment obligation will be greater.
Pricing is based upon our published Interest Rate plus 1 discount point for a 7/1 ARM Construction Loan & Permanent Financing offered with a single closing. Annual Percentage Rate (APR) for variable rate products are subject to change after consummation. The All-in-One Custom Construction 7/1 ARM will have interest only payments for the first 12 months with an optional six month renewal, then principal and interest payments for 72* months. After 7 years or 84 payments, the payments and interest rates will adjust annually for the remaining 24 years based on the One-Year LIBOR Index + margin of 2.75%. Interest Rate/APR assumes an Umpqua Bank portfolio single family custom construction loan with a maximum loan amount of $417,000, at 80% LTV with a FICO Credit Score of 700 on a 45 day rate lock period.
*These payments are calculated assuming no renewal option has been used.