These programs (often called "B paper loans") are primarily offered for borrowers with less-than-perfect credit who don't qualify for an "A paper loan". They allow you two years to rebuild your credit, at which point you may refinance at a better rate. 2/28 ARM loans offer an initial higher interest rate than the fully indexed rate (index plus margin) during the initial period of the loan and usually have a two year prepayment penalty.

Mortgage Professionals Offering 2/28 Loans

If you are looking for a 2/28 loan and need more information or advice, we invite you to take advantage of our database of the most competitive lenders available. Just complete a short loan request form and the best lenders in your local area offering 2/28 loan programs will contact you with their rates and fees.