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| Conforming Loans |
| Jumbo Loans |
| USDA Rural Housing |
| VA |
| Many other products to choose from |
Rates last updated on Monday, July 19, 2010
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Conforming Loans
Conforming loan products are offered at a maximum loan size of $417,000. These loans are offered at a maximum loan to value of 95%. Loans are offered in the form of a fixed or adjustable rate with 30, 25, 20, 15, and 10 year amortizations. There is also available an interest only option. First mortgage loans with a less than 20% down payment will require mortgage insurance (several mortgage insurance options available). Here is a sample:
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.375% | 0% | 4.428% |
| | Assumption on above scenario: Purchase Price $521,250; Loan Amount $417,000; 360 monthly payments. Rates are subject to change due to market fluctuations and borrower's eligibility. This is a sample of current mortgage interest rates; qualification depends on a number of conditions. This is not a commitment; nor is it a guarantee of financial benefit. This scenario is based on figures and information available at the time of preparation.
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Jumbo Loans
Jumbo loan products are offered at a minimum loan size of $417,001. These loans are offered at a maximum loan to value of 90%. Loans are offered in the form of a fixed or adjustable rate with 30, 25, 20, 15, and 10 year amortizations. There is also available an interest only option. First mortgage loans with a less than 20% down payment will require mortgage insurance (several mortgage insurance options available).
Term: 30 years
Maximum Amount: $1,000,000
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USDA Rural Housing
- 102% Financing based on appraised value, if appraised value exceeds sales price, borrower can finance closing costs!
- No Monthly Mortgage Insurance
- No asset requirements
- Unlimited seller concessions and 100% gifting is allowed
- Competative Rates and Fees!
Term: 30 years
Maximum Amount: $417,000
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VA
The Veteran's Administration loan program enables veterans and active duty personnel to puchase or refinance (cash-out) a home with favorable loan terms. VA offers fixed and adjustable rate mortgages that can accommodate no down payment on many purchase transactions.
Term: 30 years
Maximum Amount: $417,000
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Many other products to choose from
We offer many other specialty products for those who are in unique situations. Call us today for a detailed analysis on your financing needs.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $2,615. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $3,210. Your actual APR may be different depending upon these factors.
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