Mortgage Rates
Check out today's rates then call on your one local and trusted lending source to help you find the right financing option.
Real Estate Loan Rates - Fixed
Effective as of 7/28/2010
With a 20% down-payment, a 30 Year Fixed Rate Mortgage at 4.875%, with no points would be repayable in 360 monthly payments of $5.29 per $1,000 borrowed.
Fixed Interest Rates are subject to change daily without prior notice. At time of application the Fixed Interest Rate applied for may be higher or lower than the Fixed Interest Rate quoted on this Rate Sheet. All Interest Rates and program guidelines may change without prior notice.
Fixed Rate APR includes prepaid finance charges such as points, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $300.00 Processing Fee, $14.50 Flood Certificate Fee and $20.00 Underwriting Fee.
*Maximum Loan Amounts:
- Single Family: $417,000
- Two Family: $533,850
- Three Family: $645,300
- Four Family: $801,950
- 95% Maximum Financing on a 1 and 2 family
- 80% Maximum Financing on a 3 and 4 family
- PMI required with less than a 20% down-payment
Any loan that requires Private Mortgage Insurance (PMI) must meet all guidelines established by the MI company including:
- Credit Scores
- Market Restrictions
- Property Type
- Financial Reserves
- 60-Day Rate Lock - other Rate Lock options available
- Appraisal Fee: Single Family: $350.00; 2-4 Family: $550.00
- Credit Report Fee: Joint: $22.57; Individual: $19.31
- Flood Certificate Fee: $14.50
Real Estate Loan Rates - Adjustable
Effective as of
7/28/2010
These rates are for loans less than or equal to $500,000
With a 20% down-payment, a 3/3 ARM at 4.000% for 30 years would be repayable in 36 monthly payments of $4.77, followed by 324 monthly payments of $4.58 per $1,000 borrowed.
Real Estate Loan Rates - Jumbo Adjustable
Effective as of
7/28/2010
These rates are for loans greater than $500,000
With a 20% down-payment, a 3/3 ARM at 4.750% for 30 years would be repayable in 36 monthly payments of $5.22, followed by 324 monthly payments of $5.01 per $1,000 borrowed.
Maximum Financing:
- 95% with PMI on a 1 family property with a maximum loan amount of $417,000; $417,001 to $1,000,000 with 20% down
- 95% with PMI on a Condominium with a maximum loan amount of $417,000; $417,001 to $1,000,000 with 20% down
- 95% with PMI on a 2 family property with a maximum loan amount of $533,850; $533,851 to $1,000,000 with 20% down
- 80% with NO PMI on a 3 and 4 family with maximum loan amount of $1,000,000
Any loan that requires Private Mortgage Insurance (PMI) must meet all guidelines established by the MI company including:
- Credit Scores
- Market Conditions
- Property Type
- Financial Reserves
Construction/Permanent Mortgage - Adjustable
Owner Occupied 1 - 4 Family
Effective as of
7/28/2010
Rates for loans less than or equal to $500,000.
With 1 point and a 20% down payment, a 3/3 ARM at 4.000% for 30 years would be repayable in 24 monthly payments of $4.86, followed by 324 monthly payments of $4.66 per $1,000 borrowed.
Construction/Permanent Mortgage - Jumbo Adjustable
Effective as of
7/28/2010
Rates for loans greater than $500,000.
With 1 point and a 20% down payment, a 3/3 ARM at 4.750% for 30 years would be repayable in 24 monthly payments of $5.30, followed 324 monthly payments of $5.09 per $1,000 borrowed.
All Interest Rates and program guidelines may change without prior notice. ARM indices based on the weekly average yield U.S. Treasury Securities. Rate may increase after consummation on all Adjustable Rate Mortgages.
1 All above APRs are composite APRs. ARM Composite APR includes prepaid finance charges such as points, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee, $300.00 Processing Fee and $14.50 Flood Certificate Fee.
PARAMETERS:
- Interest only on the funds advanced during construction period of up to 12 months
- Up to 80% financing based on a completed value
- Appraisal fee: $350.00 single family, $550.00 2-4 family
- Credit Report fee: $22.57 Joint, $19.31 Individual
- Flood Certification Fee: $14.50
- Maximum loan amount: $1,000,000.00
- 60 Day Rate Lock - other Rate Lock options available
REQUIRED DOCUMENTATION:
- Complete Mortgage Application Package
- Plans and Specs
- Signed Construction Contract with a Licensed General Contractor
- Copy of General Contractor�s License
- Copy of General Contractor�s Liability Insurance Policy
- Septic System Plans, if applicable
- Building Permit
- Signed Purchase and Sale Agreement or Deed
First Time Home Buyer Program Rates
Effective as of
7/28/2010
The following rates are for loan amounts less than or equal to $500,000.00
With an 11% down-payment, a 5/5 ARM at 4.125% for 30 years would be repayable in 60 monthly payments of $4.85, followed by 300 monthly payments of $5.04 per $1,000 borrowed.
All Interest Rates and program guidelines may change without prior notice. ARM indices based on the weekly average yield U.S. Treasury Securities. Rate may increase after consummation on all Adjustable Rate Mortgages.
1All above APRs are composite APRs. ARM Composite APR includes prepaid finance charges such as, $80.00 Tax Service Fee, $80.00 Hazard Tracking Fee, and $14.50 Flood Certificate Fee.
Maximum Financing:
- 97% with PMI on a 1 family property with maximum loan amount of $417,000, Homebuyer Counseling Certificate required
- 95% with PMI on a Condominium with maximum loan amount of $417,000
- 95% with PMI on a 2 family property with maximum loan amount of $500,000
Any loan that requires Private Mortgage Insurance (PMI) must meet all guidelines established by the MI company including:
- Credit Scores
- Market Restrictions
- Property Type
- Financial Reserves
- 89% with NO PMI on a 1 and 2 family property with a maximum loan amount of $500,000
- 80% with NO PMI on a 3 and 4 family property with a maximum loan amount of $500,000
Parameters:
- No purchase price limit
- No form of ownership in residential property in the last 3 years
- Copies of last two years' signed federal tax returns required
- 1 to 4 family owner occupied
- No Construction Loans
- Condominiums must have 70% owner occupancy ratio, a minimum of 600 square feet of livable space, and a minimum of 3 units in the association
Closing Cost
- NO Appraisal Fee, NO Credit Report Fee, NO Application Fee, NO Points
- Reduced Closing Cost of $990.00 (Includes Attorney Fee, Plot PLan, MLC and Recording Fees)
- Reduced Title Insurance ($2.00 per $1,000) for Lenders Coverage only. If you purchase an Owners Title Insurance policy, cost will be higher
- Tax Service Fee ($80.00), Hazard Tracking Fee ($80.00), Flood Certificate Fee ($14.50), Real Estate Tax Escrow and PMI
- 60 Day Rate Lock - other Rate Lock Options are available
For more information about this product or other real estate loan products we offer, please call our Mortgage Specialists at (800) 246-2009.
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