Prepayment Penalties

for Owner Occupied Loans


Are Pre-Payment Penalties Allowed?
(We made things simple for you)

 

Owner Occupied Business Purpose Loan:  Yes, 
Prepayment Penalties are allowed. 


 

Owner Occupied Bridge or Temporary Loan (12 months):  No,
Prepayment Penalties are not allowed.  

 

Owner Occupied Consumer Purpose (15 Year Loan) : No,
(3 years interest only /12 years amortized) 
 
Prepayment Penalties are not allowed. 


 

Non-Owner Occupied Residences, Land & Commercial Properties: Yes, 
Prepayment Penalties are allowed.