Cost of Funds Index (COFI)

COFI loans, not to be confused with COSI loans, are loans tied to the Cost of Funds Index (COFI). The Cost of Funds Index is measured to interest paid on savings assets so it rises or falls slower than the normal adjustable rate mortgage (ARM), which is a great thing if the interest rate is rising. When interest rates are falling, consider another one of our loan products.

COFI loans typically offer rates far below competing loans, and offer borrowers flexibility when it comes to how much to pay each month—and when to pay it. Like other option arm loans, these payment options allow borrowers to steadily pay down their principle over the life of the loan, decreasing their payments and interest as they pay back the loan. Every time you make a payment on a COFI loan, you save money!

Apply Now to try the COFI loan today!