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Last Updated: 05/22/2013
MAXIMUM LOAN AMOUNT $417,000
FIXED RATE MORTGAGES
| PROGRAM |
TERM |
RATE% |
ORIGINATION POINTS % |
APR |
| FIXED RATE |
30 YRS |
3.625 |
2.125 |
3.827 |
|
3.750 |
1.125 |
3.870 |
|
|
3.875 |
0.000 |
3.903 |
| FIXED RATE |
20 YRS |
3.375 |
1.750 |
3.611 |
|
|
3.500 |
0.875 |
3.637 |
|
|
3.625 |
0.000 |
3.663 |
| FIXED RATE |
15 YRS |
2.750 |
1.875 |
3.067 |
|
|
3.000 |
0.750 |
3.155 |
|
|
3.125 |
0.000 |
3.173 |
| FIXED RATE |
10 YRS |
2.490 |
0.000 |
2.564 |
ADJUSTABLE RATE MORTGAGES
| PROGRAM |
|
RATE% |
ORIGINATION POINTS % |
APR |
| 3/1 YEAR ARM |
|
2.750 |
0.000 |
2.123 |
| 5/1 YEAR ARM |
|
2.750 |
0.000 |
2.883 |
| 7/1 YEAR ARM |
|
3.000 |
0.000 |
3.151 |
| 10/1 YEAR ARM |
|
3.250 |
0.000 |
3.154 |
VA MORTGAGE RATE
| PROGRAM |
TERM |
RATE% |
ORIGINATION POINTS % |
APR |
| FIXED RATE |
30 YRS |
3.750 |
0.000 |
3.751 |
| FIXED RATE |
15 YRS |
3.000 |
0.000 |
3.002 |
HOME LOAN PAYMENT RELIEF (HLPR) MORTGAGE PROGRAMS
| PROGRAM |
|
RATE% |
ORIGINATION POINTS % |
APR |
| 5/1 YEAR ARM (HLPR) |
|
2.375 |
0.000 |
2.704 |
*HLPR loan APR's are based on 3% down payment and mortgage insurance requirement. HLPR programs offer 97% financing and credit union contribution towards closing costs including buyer's portion of state tax stamps, up to 6 months real estate tax escrows, lender title insurance, attorney and appraisal fees and more. Gifts and grants allowed for borrower paid costs.
Second home rates add .25% to the first mortgage base rate above. Call for new construction and investment property rates.
APR equals the annual percentage rate. First Mortgage APR is based on $100,000, 30 days pre-paid interest with 80% financing and 20% down payment. Example: 30 year fixed rate program with 2 points; the rate would be 5.875%. Based on a purchase price of $125,000 with 20% down payment, the amount financed would be $100,000 with 360 monthly payments of approximately $591.53 (principal and interest), a finance charge of $112,951.00, bringing the total payment to $212,951.00.
MORTGAGE RATES ARE SUBJECT TO CHANGE DAILY AT 11:00 AM EST.
If you are watching the rates closely, you may want to receive
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It is a convenient way for you to keep an eye on mortgage rates.
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