 |
  |
 |
 |
|
 |
|
Today's Rates: Conforming 9/5/2008
30 Year Fix 6.375% APR 6.63%
30 Yr Fix I/O 6.75% APR 7.01%
40 Year Fix 6.875% APR 7.13%
15 Fix 6.375% APR 6.63%
5 Year Arm 6.00% APR 6.26%
5 Yr Arm I/O 6.50% APR 6.76%
Pay Option 1.00% APR 7.52%
All Rates assume 20% down payment, full documentation, Loan amounts under $417,000, and 740 mid credit score. Rates include a 1% origination Fee. All Rates shown are for 12 day lock periods and are subject to change without notice. |
|
|
 |
|
 |
|
|
| |
| No Income Verification Loans |
| 40 Year Fix |
| 30 Year Fix |
| 15 Year Fix |
| Jumbo Loans |
| 80/20 Fixed |
| 80/20 Arm |
| 80/20 Arm Interest Only |
| Subprime Loans |
| 10 Year Arm |
| 10 Year Arm Interest Only |
| 7 Year Arm |
| 7 Year Arm Interest Only |
| 5 Year Arm |
| 5 Year Arm Interest Only |
| 3 Year Arm |
| 3 Year Arm Interest Only |
| Cofi, MTA, Cosi, Negative Amortized Loans |
| Bad Credit--Poor Credit |
|
No Income Verification Loans
Ideal for the self-employed with good credit, loans where borrowers agree to put down 5 to 10% equity in exchange for reduced documentation requirements.
These loans can also be done with $0 equity on some occasions.
These loans can be both fixed rates or adjustable rate mortagages, included interest only options.
The interest rates are typically slightly higher for these loans.
Term: 30 years
|
 |
40 Year Fix
Fixed interest rate for the entire 40 years of the loan. This loan will be paid off in 40 years
Term: 40 years
Maximum Amount: $417,000
|
|
30 Year Fix
Fixed interest rate for the entire 30 years of the loan. This loan will be paid off in 30 years
Term: 30 years
Maximum Amount: $417,000
|
|
15 Year Fix
Fixed interest rate for the entire 15 years of the loan. This loan will be paid off in 15 years
Term: 15 years
Maximum Amount: $417,000
|
|
Jumbo Loans
Typically loan ammounts over $417,000. The loans are at a slightly higher interest rate. These loans can be both fixed rates or adjustable rate mortagages, included interest only options.
Term: 30 years
Maximum Amount: $1,000,000
|
|
80/20 Fixed
This loan offers the ability to have a $0 down payment, and not pay any mortgage insurance. There will be two loans on the property, and in most cases the lowest payment with $0 down payment.
|
| | The first will be a fixed interest rate for the entire 30 years of the loan. This loan will be paid off in 30 years. The second Mortgage can be fixed or adjustable depending on the borrowers needs. |
|
80/20 Arm
|
This loan offers the ability to have a $0 down payment, and not pay any mortgage insurance. There will be two loans on the property, and in most cases the lowest payment with $0 down payment. |
| |
|
The first will be a fixed interest rate for a given period and adjust every six months or once a year after the fixed period ends. The second Mortgage can be fixed or adjustable depending on the borrowers needs. |
|
|
80/20 Arm Interest Only
|
This loan offers the ability to have a $0 down payment, and not pay any mortgage insurance. There will be two loans on the property, and in most cases the lowest payment with $0 down payment. |
| |
|
The first will be a fixed interest rate for a given period and adjust every six months or once a year after the fixed period ends. The payments required during the fixed period will the interest only, no principle will be paid if the minimum payment is paid on the loan.
The second Mortgage can be fixed or adjustable depending on the borrowers needs. |
|
|
Subprime Loans
We specialize in individuals with less than perfect credit. We offer loans with $0 down paymnet, Interest Only, etc.. Because the loan programs differ so drastically call today, or fill out an application today to find out how we can save you money on your next mortgage.
|
|
10 Year Arm
This loan is fixed for the first ten years, at which time will convert to an adjustable mortgage changing the interest rate every six months or once a year.
Term: 30 years
Maximum Amount: $417,000
|
|
10 Year Arm Interest Only
This loan program can save hundreds of dollars per month in your mortgage payment.
The loan will be a fixed interest rate for a ten years and adjust every six months or once a year after ten years. The payments required during the fixed period will the interest only, no principle will be paid if the minimum payment is paid on the loan.
Term: 30 years
Maximum Amount: $417,000
|
|
7 Year Arm
This loan is fixed for the first seven years, at which time will convert to an adjustable mortgage changing the interest rate every six months or once a year.
Term: 30 years
Maximum Amount: $417,000
|
|
7 Year Arm Interest Only
This loan program can save hundreds of dollars per month in your mortgage payment.
The loan will be a fixed interest rate for a seven years and adjust every six months or once a year after seven years. The payments required during the fixed period will the interest only, no principle will be paid if the minimum payment is paid on the loan.
Term: 30 years
Maximum Amount: $417,000
|
|
5 Year Arm
This loan is fixed for the first five years, at which time will convert to an adjustable mortgage changing the interest rate every six months or once a year.
Term: 30 years
Maximum Amount: $417,000
|
|
5 Year Arm Interest Only
This loan program can save hundreds of dollars per month in your mortgage payment.
The loan will be a fixed interest rate for a five years and adjust every six months or once a year after five years. The payments required during the fixed period will the interest only, no principle will be paid if the minimum payment is paid on the loan.
Term: 30 years
Maximum Amount: $333,700
|
|
3 Year Arm
This loan is fixed for the first three years, at which time will convert to an adjustable mortgage changing the interest rate every six months or once a year.
Term: 30 years
Maximum Amount: $417,000
|
|
3 Year Arm Interest Only
This loan program can save hundreds of dollars per month in your mortgage payment.
The loan will be a fixed interest rate for a three years and adjust every six months or once a year after three years. The payments required during the fixed period will the interest only, no principle will be paid if the minimum payment is paid on the loan.
Term: 30 years
Maximum Amount: $417,000
|
|
Cofi, MTA, Cosi, Negative Amortized Loans
These loans are designed to give you the lowest payment possible on your mortgage. These loans have a very low start rate, but do adjust anywhere from every month to every six months.
These loans offer the most flexability in payments, any thing from negative amortized payments to 15 yr payoff payments.
We do offer all of these loans. The payments and programs are more complecated, so please speak with a Loan Officer for more details
|
|
Bad Credit--Poor Credit
We specialize in individuals with less than perfect credit. We offer loans with $0 down paymnet, Interest Only, etc.. Because the loan programs differ so drastically call today, or fill out an application today to find out how we can save you money on your next mortgage.
|
|
|
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 $4,500. 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 $4,500. Your actual APR may be different depending upon these factors.
|
|
|
|
|
|