Government updates are great for Mortgage Rates today!!!!

By
Real Estate Mortgage Broker with AmRes Mortgage

Kevin Orf

Senior Mortgage Consultant

651-492-4392

www.kevinorf.com

 

Tuesday February 10th    

  

Program Description

  

Rates

  

Type of Loan

Minimum Down Payment

Government Loans

 

 

 

FHA

5.500%

30 yr. Fixed Rate

3.50%

FHA ARM

5.250%

1 yr. ARM

3.50%

*** New FHA Loan Limit $365,000 ***

VA

5.375%

30 yr. Fixed Rate

0.00%

VA ARM

5.750%

3 yr. ARM

0.00%

Conventional Loans

 

 

 

Fixed

5.000%

30 yr. Fixed Rate

5.00%

Fixed

4.625%

15 yr. Fixed Rate

5.00%

Interest Only

6.125%

30 yr. Fixed Rate

5.00%

Adjustable rate

5.750%

3 yr. ARM

5.00%

Adjustable rate

6.000%

5 yr. ARM

5.00%

Adjustable rate

6.250%

7 yr. ARM

5.00%

*** Conventional Loan Limit $417,000 ***

 

 

 

 

Zero Down/USDA

5.500%

30 yr. Fixed

0.00%

Zero Down

N/A

5 yr. ARM

0.00%

Zero Down

N/A

7 yr. ARM

0.00%

 

 

 

 

Other Features

•·        All pricing based on a 30 day lock.

•·        Extended lock periods available with one-time float down options. Lock periods up to 180 days.

•·        Mandatory credit score adj. not included in these rates.

 

 

 

This form and the information provided herein are for Realtor use only. Rates and programs are subject to change without notice. Rates do not include closing costs associated with obtaining the loan. All loans must be locked in writing under Minnesota Statutes.

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Topic:
Mortgage / Finance
Location:
Minnesota Chisago County

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Rainmaker
1,658,301
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.
WHISPERING PINES REALTY

Rates are looking good Kevin...Keep me informed on anything lower

February 10, 2009 03:34 PM
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Kevin Orf

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