Mortgage Rate FAQs
All estimates below are based on the loan amount specified. If you are interested in our Jumbo Mortgage Products & Rates (for loan amounts over $766,550), please do not hesitate to contact Joe Ewing (NMLS# 408567).
At a a 6.750% interest rate, the APR for this loan type is 6.876%. The monthly payment schedule would be
This payment schedule is based on a $200,000 loan on a $250,000 property (assumes a 20% down payment.) Minimum 720 FICO score. Maximum LTV 80% or 95% with PMI.
Loan amounts greater than $766,550 or minimum FICO score of 719 or lower subject to additional interest rate adjustments.
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
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At a 7.000% interest rate, the APR for this loan type is 7.055%. The monthly payment schedule would be:
This payment schedule is based on a $800,000 loan on a $1,000,000 property (assumes a 20% down payment.)
Loan purpose must be to purchase or no cash-out refinance a single family dwelling that will serve as borrower’s primary residence (second homes/investment properties/2-4 family properties are ineligible).
Minimum 740 FICO score. Maximum LTV 80% on loan amounts up to $1,000,000 and 75% on loan amounts over $1,000,000.
Loan amounts $1,000,000 or greater, or minimum FICO score of 739 or lower subject to additional interest rate adjustments.
At a 6.500% interest rate, the APR for this loan type is 6.662%. The monthly payment schedule would be:
This payment schedule is based on a $200,000 loan on a $250,000 property (assumes a 20% down payment.) Maximum LTV 80% or 95% with PMI.
At a 6.250% interest rate, the APR for this loan type is 6.495%. The monthly payment schedule would be:
At a 6.00% interest rate, the APR for this loan type is 6.278%. The monthly payment schedule would be:
Review related disclosures for important information about the product and the terms of this program.
At a 6.125% interest rate, the APR for this loan type is 7.284%. The monthly payment schedule would be:
Payment and rates after the first adjustment are estimates based on the current index which may increase.
Special information for all adjustable rate mortgages: The APR, interest rate and principal and interest payment are subject to increase and will change after the loan is closed due to market-driven changes to the index. Adjustable rate mortgages (ARMs) offer an initial rate that is fixed for a specified period. After the specified period, the rate may increase or decrease depending on current market conditions. For example, our 5-year adjustable rate mortgage has a fixed interest rate for the first five years of the loan. After that, the interest rate can increase or decrease annually. The rate would then be determined by adding the current index to a fixed margin.
At a 6.25% interest rate, the APR for this loan type is 7.143%. The monthly payment schedule would be:
At a 6.50% interest rate, the APR for this loan type is 7.078%. The monthly payment schedule would be: