|
Loan Product
and Loan Term
|
Interest Rate
|
A.P.R.
"Annual Percentage Rate"
|
Sample Payment for $400,000
|
|
Conventional
7/1 ARM
|
4.000%
|
4.106%
|
$1909.66
|
|
Conventional
10 Year Fixed
|
3.625%
|
3.896%
|
$3978.90
|
|
Conventional
15 Year Fixed
|
3.500%
|
3.705%
|
$2859.53
|
|
Conventional
20 Year Fixed
|
4.000%
|
4.147%
|
$2423.92
|
|
Conventional
25 Year Fixed
|
4.000%
|
4.122%
|
$2111.35
|
|
Conventional
30 Year Fixed
|
4.000%
|
4.106%
|
$1909.66
|
|
FHA & VA
5/1 ARM
|
3.750%
|
3.865%
|
$1852.46
|
|
FHA & VA
30 Year Fixed
|
3.875%
|
3.970%
|
$1880.95
|
|
Bank Statement
5/1 ARM
|
4.750%
|
4.872%
|
$2086.59
|
|
Bank Statement
30 Year Fixed
|
5.250%
|
5.375%
|
$2208.81
|
|
JUMBO
7/1 ARM
|
3.625%
|
3.703%
|
Sample Payment for $750,000 Loan
$3420.38
|
|
JUMBO
30 Year Fixed
|
4.125%
|
4.227%
|
Sample Payment for $750,000 Loan
$3634.87
|
Figures above are for a First Mortgage and reflect Principle & Interest payments only.
They do not include Impounds, "Taxes or Insurance".
Figures above are based on a 15 Day Lock Period, Full Documentation, Single Family Home,
Primary Residence purchase transaction.
Interest Rates are subject to change at time of lock based on market conditions, property type, occupancy type, credit score and loan to value ratio. Other factors may apply.
All borrowers subject to credit qualifications.
Not all borrowers will qualify as certain restrictions apply on all programs.
The information contained in this material is not a guarantee to extend credit or lend.
Terms and conditions are subject to change without notice.
Figures above reflecting Conventional loan options are based on borrowers putting a minimum of 25% down with a minimum 760 credit score.
Figures above reflecting FHA loan options are based on borrowers putting a minimum of 3.50% down with minimum 760 credit score.
Figures above reflecting VA loan options are based on borrowers putting a minimum of 0.00% down with a minimum 760 credit score.
Figures above reflecting JUMBO loan options are based on borrowers putting a minimum of 25% down with a minimum 760 credit score.
Interest Rate Index / Margin / Cap Rate
| Rate Type | Rate % |
|---|---|
| Conventional Margin | 2.25 |
| Index LIBOR with Caps | 2/2/5 |
| FHA & VA Margin | 1.75 |
| US Treasury with Caps | 1/1/5 |
| JUMBO Margin | 2.25 |
| Index LIBOR with Caps | 2/2/5 |
The views, opinions, positions or strategies expressed by the authors and those providing comments or external internet links are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of this website. We make no representations as to accuracy, completeness, current, suitability, or validity of this information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Any information provided does not constitute an offer or a solicitation to lend. Providing information to purchase does not guarantee a loan approval. All registered trademarks, copyright, images, or other items used are property of their respective owner and are used for editorial purposes only.
