Maximum loan amount: $417,000
-
Maximum loan to value ratio:
- 90%
- 80.01% - 90%: add .125% to posted fixed rate
- 81% - 90% (No Cash): add .125% to posted fixed rate
- Up to 75% (With cash)
-
Purchase
*
-
Refinance
*
* Additional rate adjustments may apply depending on Loan to Value and Credit Scores.
-
Term:
- 15-30 years
-
Closing Costs:
- Estimated at 3% of the amount you borrow for attorney fees, title insurance, mortgage, recording fees
- .25% commitment fee.
- We will require funding of an escrow account for the payment of Real Estate Taxes, Homeowners insurance, Flood Insurance (if applicable), and Private Mortgage Insurance (if applicable).
-
Rate Lock-Ins:
- Closing rate is set 8 business days prior to closing if a lock-in has not been selected
- 30 day rate lock: ½ point, non refundable fee
- 60 day rate lock: 1 point, non-refundable fee
- 90 day rate lock: 1 ½ points, non-refundable fee
