|
| | EFFECTIVE SEPTEMBER 1, 2010
Rates current as of September 1, 2010
ALL RATES, TERMS AND CONDITIONS SUBJECT TO CHANGE | |
|
| |
FHA / VA (Primary Residence) | |
|
| | FIXED RATE MORTGAGES | |
|
| |
FHA Maximum Loan Amounts
1 unit = $368,750
2 unit = $472,050
3 unit = $570,600
4 unit = $709,150
| VA Maximum Loan Amount
$417,000 |
(APRs based on loan amount of $368,750) | | | |
| |
| Loan Type | Rate | Points | APR | | 30 Year | 4.250% | 1.125% | 4.590% | | 15 Year | 3.875% | 1.125% | 4.467% | | |
| |
CONVENTIONAL / CONFORMING LOANS | |
|
| | Upon underwriting approval, a non-refundable application fee of $100.00 will be collected. | |
|
| | FIXED RATE MORTGAGES
Loan Amounts to $417,000 | |
|
| |
| Rates as low as... |
Annual Percentage Rate (APR) |
| |
| |
| Loan Type | Rate | Points | APR | | 40 Year | 4.625%
4.875% | 1.250%
0.250% | 4.758%
4.940% | | 30 Year | 4.125%
4.375% | 1.250%
0.250% | 4.281%
4.450% | | 20 Year | 3.875%
4.125% | 1.250%
0.250% | 4.087%
4.226% | | 15 Year | 3.500%
3.750% | 1.250%
0.25% | 3.760%
3.876% | | 10 Year | 3.375%
3.625% | 1.250%
0.250% | 3.761%
3.806% | | |
|
| | Representative example: Loan Amount $417,000; Rate 4.125%; APR 4.338%; Term 30 years; 1.25% pt; Principal and interest payment $2020.99 per month | |
|
| | | |
|
| | ADJUSTABLE RATE MORTGAGES (ARM)
Loan Amounts to $417,000 | |
|
| |
| Program | Loan Type | Rate | Points | APR | 5/1 Adj*
Margin 2.375 - Cap 2/5 | 40 Year | 3.250%
3.500% | 1.250%
0.250% | 2.903%
2.894% | 5/1 Adj*
Margin 2.25 - Cap 2/5 | 30 Year | 2.875%
3.125% | 1.250%
0.250% | 2.778%
2.772% | | |
|
| | *Adjustable Rate Mortgages (ARM) have a fixed rate for an initial period of 5 years; then adjust annually thereafter. Subject to index, margin, and periodic rate caps. Adjustable rate will be based on the weekly average yield on United States treasury securities adjusted to a constant maturity of one year.
Annual Percentage Rates (APR) are based on loan amounts of $417,000 for conforming loans, plus pre-paid fees and 80% loan-to-value (LTV) ratio and does not include Private Mortgage Insurance (PMI). PMI is required on loans over 80% LTV.
Minimum of 5% down payment is required on 1-unit single family, primary residence.
Minimum of 20% down payment is required on 2-4 unit properties, primary residence.
Appraisal Fee is required before the appraisal can be ordered.
Rate Lock Fee: 45 day lock - no charge; 60 day lock - 0.25% point; 90 day lock - 0.50% point
Interest rate locks can only be implemented once all credit issues are resolved and appraisal fee has been received. Interest rates are subject to change daily.
Cash-Out Refinance Fee: Subject to Credit Score and loan-to-value (LTV) ratio.
Single Family Residences, Condos, Planned Unit Development (PUD), and 2-4 units available. | |
|
|
| |
| |
| | JUMBO LOANS
(Primary Residence and 2nd/Vacation Home Only) | |
|
| | ADJUSTABLE RATE MORTGAGES (ARM)
Jumbo Loan Amounts from $417,001 to $750,000 | |
|
| |
| Program | Loan Type | Rate | Points | APR | 5/1 Adj*
Margin 2.50%
Cap 2/5 | 30 Year | 3.375% | 1 Point% | 3.072% | | |
|
|
| | SUPER JUMBO LOANS
(Primary Residence and 2nd/Vacation Home Only) | |
|
| | ADJUSTABLE RATE MORTGAGES (ARM)
Super Jumbo Loan Amounts from $750,001 to $1,000,000 | |
|
| |
| Program | Loan Type | Rate | Points | APR | 5/1 Adj* Margin 2.875%
Cap 2/5 | 30 year | 3.625% | 1 Point% | 3.409% | | |
|
| | *Adjustable Rate Mortgages (ARM) have a fixed rate for an initial period of 5 years; then adjust annually thereafter. Subject to index, margin, and periodic rate caps. Adjustable rate will be based on the weekly average yield on United States treasury securities adjusted to a constant maturity of one year.
Annual Percentage Rates (APR) are based on loan amounts of $417,000 for conforming loans, plus pre-paid fees and 80% loan-to-value (LTV) ratio.
Minimum of 20% down payment is required on any loan amount over $417,000.
Appraisal Fee is required before the appraisal can be ordered.
Rate Lock Fee: 45 day lock - no charge; 60 day lock - 0.25% point; 90 day lock - 0.50% point
Interest rate locks can only be implemented once all credit issues are resolved and appraisal fee has been received. Interest rates are subject to change daily.
Cash-Out Refinance Fee: Subject to Credit Score and loan-to-value (LTV) ratio.
Single Family Residences, Condos and Planned Unit Development (PUD), are available. | |
|
| |
| |
| | Manufactured Housing
(Primary Residence and Vacation Homes) | |
|
| | FIXED RATE MORTGAGES
Loan Amounts to $417,000
*Vacation Homes add additional .50% point | |
|
| |
| Loan Type | Rate | Points | APR | | 30 Year | 4.125%
4.375% | 1.75%
0.750% | 4.322%
4.492% | | 20 Year | 3.875%
4.125% | 1.750%
0.750% | 4.144%
4.283% | | |
| | Annual Percentage Rates (APR) are based on loan amounts of $417,000 for conforming loans plus pre-paid fees and 80% loan-to-value (LTV) ratio and does not include Private Mortgage Insurance (PMI). PMI is required on loans over 80% LTV.
Minimum of 10% down payment is required on manufactured housing for primary residence.
Minimum of 20% down payment is required on manufactured housing for vacation homes.
Appraisal Fee is required before the appraisal can be ordered.
Rate Lock Fee: 45 day lock - no charge; 60 day lock - 0.25% point; 90 day lock - 0.50% point
Interest rate locks can only be implemented once all credit issues are resolved and appraisal fee has been received. Interest rates are subject to change daily.
Cash-Out:Maximum LTV for cash-out refinance is 65% with a maximum loan term of 20 years.
Cash-Out Refinance Fee: Subject to Credit Score and loan-to-value (LTV) ratio.
Manufactured homes must be on a permanent foundation and a recorded "Notice of Manufactured Home, MobileHome, or Commercial Coach Installation on a Foundation system", also known as 433A, must be presented to us prior to approval. | |
|
| | ALL RATES SUBJECT TO CHANGE | |
|
