Non-QM Graduated Payment Mortgage
High rates got your clients down? Use a Graduated Payment Mortgage to save your borrowers thousands on their initial mortgage payments!
Pinnacles Graduated Payment Mortgage (GPM)
Get the lowest first year payment possible and the security of a 30-Year Fixed Rate.
- Lower Initial Payments, Increasing 5% Each Year
- 30-Year Fixed
- Qualify Using Year 6 Payment
- Purchase, Rate & Term Refinance and Cash-Out Refinance
- Full Doc, 1 or 2 Year Bank Statements or 1099, Asset Depletion, CPA Gross Receipts
- Up to 75% LTV
- Credit Scores As Low as 660
- Primary Residences Only
- Loan Amounts Up To $3M
**CA loans must be HPML compliant. CT loan amounts must be above $417,000. DC Refinances must be jumbo loan amounts. - Available in Arizona, California, Connecticut, Colorado, District of Columbia, Florida, Georgia, Hawaii, Illinois, Kentucky, Maryland, Michigan, Nevada, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, & Virginia
Pinnacles Graduated Payment Mortgage Calculator
Run your scenario today and see the payment schedule!
Graduated Payment Mortgage
Fixed-Rate Mortgage
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Estimated Payments
Graduated Payment Mortgage
Fixed Rate Mortgage
Monthly Payment
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Total Payments
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Total Interest
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Pay Off Date
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Estimated Amortization Schedules
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Interest
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LEGAL DISCLAIMER: This calculator is provided for informational purposes only and you should not make any decisions solely on the information provided. Values are estimates and may not be applicable to your individual situation. Nexera Holding LLC dba Newfi is not responsible for any errors, omissions or misrepresentations. This does not constitute a loan approval for any program.
What is a Graduated Payment Mortgage?
A Graduated Payment Mortgage is a type of fixed-rate mortgage where payments start at a lower base level and then increase annually at a set rate until the beginning of the 6th year, when payments level out based on the remaining principal balance.
Who Benefits From A Graduated Payment Mortgage?
The Graduated Payment Mortgage solution is perfect for any borrower who wants to save money on their monthly mortgage payments for the first few years. It allows these borrowers to access lower initial payments to help relieve mortgage payment stress on families.
Pinnacles Graduated Payment Mortgage Webinar Series Recordings
9/15/22 with CEO Steve Abreu
9/22/22 with Dan Bayer and Matt Modugno
9/29/22 Product Overview
10/06/22 Enhanced Guidelines & Product Overview
11/01/23 Lower Monthly Payments With Graduated Payment Mortgages ft. John Wise and Dan Bayer
11/15/23 Second Session: Lower Monthly Payments With Graduated Payment Mortgages ft. John Wise and Dan Bayer