 |
 |
 |
 |
| |
This Week's Rates:
30 yr fixed: 4.25%
FHA 30 yr fixed: 4.5%
5 yr ARM: 3.125%
Jumbo 30 yr: 5.125%
Many more programs are available. Call today for your custom quote.
Rates are published at the beginning of each week and are subject to change without notice. Certain restrictions apply. APR's are as follows: 30 Yr Fix = 4.368%, FHA 30 Yr = 5.037%, 5 Yr ARM= 3.487%, Jumbo 30 Yr = 5.227%
FL ML #0700138 |
|
|
|
|
 |
|
 |
|
|
| |
| 30 Year Fixed |
| 15 Year Fixed |
| FHA 30 Year Fixed |
| 5/1 Libor ARM |
| Jumbo 30 Year Fixed |
| Jumbo 5/1 ARM |
| VA 30 Year Fixed |
| USDA 30 Yr Fixed |
|
30 Year Fixed
Rate is fixed for 30 years and the monthly payment is principal and interest, amortized over the 30 year period.
Term: 30 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 4.375% | 1% | 4.492% | | 4.625% | 0% | 4.657% |
 |
15 Year Fixed
Rate is fixed for 15 years and the monthly payment is principal and interest, amortized over the 15 year period.
Term: 15 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 3.875% | 0.75% | 4.041% | | 4.125% | 0% | 4.18% |
|
FHA 30 Year Fixed
The FHA fixed rate loan is perfect for someone with a small downpayment, a few credit bleminshes or who needs to refinance, but doesn't have a lot of equity. This is because the FHA loan only requires 3.5% downpayment for a purchase or refinance. The program is NOT limited to first time homebuyers and has more flexible credit standards than conforming Fannie Mae or Freddie Mac loans. For a purchase, the 3.5% downpayment can be a gift from a family member or qualified donor & typically all of the closing costs can be rolled into the loan. The FHA loan has mortgage insurance that protects the lender, but it is substantially less than an equivalent conforming loan.
The main advantage to a FHA home loan is that the credit criteria for a first time borrower are not as strict as Conventional Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). Someone who may have had a few credit problems or no traditional credit should not have a problem obtaining FHA financing.
Term: 30 years
Maximum Amount: $353,750
|
| Rates | Points | APR |
|---|
| 4.5% | 1% | 4.618% | | 4.75% | 0% | 4.782% |
|
5/1 Libor ARM
Rate is fixed for the first 5 years of the 30 year term, then turns adjustable. Monthly payments are principal and interest, amortized over the 30 year period.
Term: 30 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 3.25% | 1.25% | 3.774% | | 3.625% | 0% | 3.804% |
|
Jumbo 30 Year Fixed
A jumbo loan amount is one that is over $417,000. The rate is fixed for 30 years and the monthly payment is principal and interest, amortized over the 30 year period.
Term: 30 years
Maximum Amount: $650,000
|
| Rates | Points | APR |
|---|
| 5.375% | 0.5% | 5.433% | | 5.5% | 0% | 5.513% |
|
Jumbo 5/1 ARM
This loan is for jumbo loan amounts (over $417,000) and has a rate that is fixed for the first 5 years of the 30 year term. The rate turns adjustable after the 5 year fixed period and will adjust subsequently every 1 year. The payment is principal & interest and is amortized over a 30 year period
Term: 30 years
Maximum Amount: $1,000,000
|
| Rates | Points | APR |
|---|
| 3.875% | 1% | 4.85% | | 4.375% | 0% | 4.947% |
|
VA 30 Year Fixed
The VA loan is a 0 money down, no mortgage insurance fixed rate loan for veterans or active duty personnel. VA will guarantee a maximum of 25 percent of a home loan amount up to $104,250, which limits the maximum VA guaranteed loan amount to $417,000.
Eligibility for the VA loan is defined as Veterans who served on active duty and have a discharge other than dishonorable after a minimum of 90 days of service during wartime or a minimum of 181 continuous days during peacetime. There is a two-year requirement if the veteran enlisted and began service after September 7, 1980 or was an officer and began service after October 16, 1981. There is a six-year requirement for National guards and reservists with certain criteria and there are specific rules concerning the eligibility of surviving spouses.
Please contact us for further information on qualifying for a VA loan.
Term: 30 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 4.75% | 1% | 4.87% |
|
USDA 30 Yr Fixed
The USDA loan is 30 year fixed rate loan that offers 100% financing or 0 down payment with no mortgage insurance in the monthly payment. The loan is designed for more "rural" locations, but you might be surprised at certain areas that qualify. The loan does have income restrictions as well as property location restrictions, so contact us for more details.
Term: 30 years
Maximum Amount: $250,000
|
| Rates | Points | APR |
|---|
| 5% | 1% | 5.121% |
|
|
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 $250,000 with closing costs of $920. 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 $650,000 with closing costs of $920. Your actual APR may be different depending upon these factors.
|
|
|
|
|
|