Tiger Run Financing
Available Financing for Tiger Run Properties
Alpine Bank in Breckenridge Contact
Scott Schlegel, Banking Officer
ScottSchlegel@alpinebank.com
Direct - 970-513-5941
Chalets (Park Homes):
- The HELOAN is 5/1 ARM with a maximum amortization of 25 years and a maximum financing of 70% of the purchase price. This is for chalets, not land only. This is a full underwriting full documentation loan request.
- Subject to underwriting and subject to change, please see the following:
- For all the following options there is an applicable 1% Origination Fee Alpine Bank’s Home Equity Loan (HELOAN) is priced using JP Morgan Prime (currently 8.5%) plus .75% = 9.2%.
- Escrow is mandatory for all HELOAN’s.
- .25% interest rate discount for credit scores over 800
- .25 Interest rate discount for additional 10% down payments
- Additional interest rate discounts are possible with a new Alpine Bank account with direct payment drafts, etc.
Lot Loans (land only without a chalet):
- A 1% Origination Fee is applicable to all the following options as well. Please see below for land loans, this information is subject to underwriting and subject to change. Depending on the loan amount this could be processed as an abbreviated stated income approach, underwriting reserves the right to request additional information and documentation if need be.
- 5-year fixed rate loan over a 10- 15-year amortization and a 5-year balloon.
- All loans will be priced with JP Morgan Prime (currently 8.5%) plus .75% = 9.2%
- .25% interest rate discount for credit scores over 800
- .25 Interest rate discount for additional 10% down payments
- Additional interest rate discounts are possible with a new Alpine Bank account with direct payment drafts, etc.
Loan application checklist:
Signed, current, completed personal financial statement.
Last two years of personal tax returns with applicable statements i.e. K-1s, W2s, etc.
*Updated on 7/30/2024
