|
Conforming Loan Programs, Partial Loan Program Listing:
Rates based
upon a $240,000 loan size. Rates listed assume that the Borrower
pays closing costs. Rates/Points/Closing Costs/Fees may vary for
different loan amounts.
Conforming
loans are all loans less than or equal to $333,700 for Single Family
Homes, $427,150 for Two Family Homes, $516,300 for Three Family Homes and
$641,650 for Four Family Homes. These limits for conforming loans
increase about 3-4% most years, are announced around Thanksgiving and
usually go into affect in January of the new year. They are set by
the quasi government agencies, Fannie Mae and Freddie Mac.
| Program |
Rates |
Points |
APR |
|
30 YR FIXED |
5.750% |
0.000 |
5.843% |
|
15 YR FIXED |
5.250% |
0.000 |
5.404% |
| 3/1
ARM |
4.500% |
0.000 |
4.586% |
| 5/1 ARM |
4.875% |
0.000 |
4.963% |
|
7/1 ARM |
5.625% |
0.000 |
5.717% |
| 10/1 ARM |
5.875% |
0.000 |
5.968% |
Cash Flow,
one month ARM |
3.150% |
0.000 |
3.229% |
Jumbo Loan Programs, Partial Loan Program Listing:
Rates based
upon a $400,000 loan size. Rates listed assume that the Borrower
pays closing costs. Rates/Points/Closing Costs/Fees may vary for
different loan amounts.
Jumbo loans
are those that are greater than $333,700 for Single Family Homes, $427,150
for Two Family Homes, $516,300 for Three Family Homes and $641,650 for
Four Family Homes.
| Program |
Rates |
Points |
APR |
|
30 YR FIXED |
5.875% |
0.000 |
5.940% |
|
15 YR FIXED |
5.375% |
0.000 |
5.483% |
| 3/1
ARM |
4.625% |
0.000 |
4.685% |
| 5/1 ARM |
4.875% |
0.000 |
4.936% |
|
7/1 ARM |
5.375% |
0.000 |
5.438% |
| 10/1 ARM |
5.6250% |
0.000 |
5.689% |
Cash Flow,
one month ARM |
3.150% |
0.000 |
3.205% |
|
