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PA Mortgages --- Low Pennsylvania Interest Rates. 
    Pennsylvania Mortgage Rates:
            10, 15, 20, 30, year Fixed                                                              PA Construction Loans                                                             Rate Adjustments for Credit Scores
          
  Lender Paid PMI                                                                           Adjustments for Cash-out by LTV and Credit Score                   Rate Adjustments for Investment Properties
 
          Interest Rate History                                                                      
FHA, VA, USDA Rural Loans

Last update: 6/15/2010     
125% Refinancing details. 
Pennsylvania, is it a great time to purchase or refinance!

Deal of the week:  5/1 ARM.

Request a custom mortgage rate quoteGuaranteed mortgage closing costs
 

PA Conforming Fixed Interest Rates ---  loans up to $417,000: *:

LTV Term Rate (%) Points A.P.R. (%)
To 105% 30 years 4.5 0 4.52
  20 year fixed rate deduct .125% from 30 year rates
  15 years 4.0 0 4.03
  10 year fixed rate deduct .125% from 15 year rates
97% 30 years add .125% to above rates

PA Biweekly Loans on Above Programs - 22.6 year payoff --- Add .125% to 30 Year Rate or pay 1/2 point at closing.    
(Automatic payment withdrawal required for Bi-weekly)

5 Year Fixed Rate with 30 year term

LTV Term Rate (%) Points A.P.R. (%)
to 90% 30 years 2 3.625% 0 3.63

FHA loans --- loans up to FHA Maximum  :

LTV Term Rate (%) Points A.P.R. (%)
96.5-97.75 30 years 203(b) 4.875 1 4.97
LTV Term Rate (%) Points A.P.R. (%)
96.5-97.75 30 years 203(b) 4.875 1 4.97

No Monthly PMI - Lender Paid PMI (LPMI) -- All loan sizes:

80.01 to 85% LTV Fee at closing is .875 points for credit scores above 700
85.01 to 90% LTV Fee at closing is 1.5 points points for credit scores above 700
90.01 to 95% LTV Fee at closing is 2.5 points points for credit scores above 700

1 point = 1% of the loan amount (loan amount x .01).  The seller can pay the LPMI fee.

Mortgage rates - historical

 

These POINT/FEE add-ons are used  by every mortgage lender.  Fannie Mae and Freddie Mac both employ these costs. 
We make them available to you so you can see how your interest rate is calculated.  It is a one-time fee at closing, or rate increase.
PURCHASE OR REFINANCE ADJUSTMENTS FOR CREDIT SCORE


 Conforming Price Adjustment

Points

Points

Points

Points

Points

Points

Points

Points
FICO LTV <=60.00% 60.01-70.00% 70.01-75.00% 75.01-80.00% 80.01-85.00% 85.01-90.00% 90.01-95.00% 95.01-97.00%
>=740 0.500 0.000 0.000 0.000 0.000 0.000 0.000 0.000
720-739 0.500 0.000 0.000 (0.250) 0.000 0.000 0.000 0.000
700 - 719 0.500 (0.500) (0.500) (0.750) (0.500) (0.500) (0.500) (0.500)
680 - 699 0.250 (0.500) (1.000) (1.500) (1.000) (0.750) (0.750) (0.500)
660 - 679 0.250 (1.000) (2.000) (2.500) (2.250) (1.750) (1.750) N/A
640 - 659 (0.250) (1.250) (2.500) (3.000) (2.750) (2.250) (2.250) N/A
620 - 639 (0.250) (1.500) (3.000) (3.000) (3.000) (2.750) (2.750) N/A
<620 (0.250) (1.500) (3.000) (3.000) (3.000) (3.000) (3.000) N/A

 

 

 

 

 

 

 

 

 
Cashout Refinance Points
 
Points
 
Points Points
 
Points
 

 
General Price Adjustment Factors Points
FICO LTV <=60.00% 60.01-70.00% 70.01-75.00% 75.01-80.00% >80.00%
 
MISC  
>=740 0.000 (0.250) (0.250) (0.500) n/a
 
   
720 - 739 0.000 (0.625) (0.625) (0.750) n/a
 
2-Unit Property (1.000)
700 - 719 0.000 (0.625) (0.625) (0.750) n/a
 
3 & 4-Unit Property (1.000)
680 - 699 0.000 (0.750) (0.750) (1.375) n/a
 
Flex 97 35% MI (LTV >95-97%) (0.500)
660 - 679 (0.250) (0.750) (0.750) (1.500) n/a
 
Flex 97 18% MI, FICO >= 680 (LTV >95-97%) (1.500)
640 - 659 (0.250) (1.250) (1.250) (2.250) n/a
 
Flex 97 18% MI, FICO < 680 (LTV >95-97%) (1.750)
620 - 639 (0.250) (1.250) (1.250) (2.750) n/a
 
* Escrow Waiver (Max LTV 80%) (0.250)
<620 (1.250) (2.250) (2.250) (2.750) n/a
 
 

 

 

 

 

 

 

 
Occupancy
 

 

 

 

 

 
Investment Properties
 
Points
 

 

 

 

 

 
Investment LTV >80% to 90%
 
n/a
 

 

 

 

 

 
Investment LTV >75% to 80%
 
(3.000)
 

 

 

 
 Notes:
 
Investment LTV <= 75%
 
(1.750)
 

 

 

 
All adjustments are to POINTS
 

 

 

PA Construction and Renovation Loan Programs --  All Programs $125,000 min. loan:
 

PA Construction Loan Program:

  • Rates start at only .5% above the standard fixed rate
  • Minimum 10% down.  90% LTC (Loan to Cost)
  • Use lot equity for down payment
  • Guidelines: Minimum credit score  660
  • Free Float down for .125% additional rate
  • 6-12 month construction terms
  • Interest only during construction
  • No PMI during construction
  • No escrows for taxes and insurance during construction
  • $125,000 MINIMUM LOAN

PA Rehab and Renovation Loan Program

Call 610 326-2099 or email us for details. 

Conventional Mortgage Details:

Adjustments to points (call for adjustment to rate if prefer to keep above points low):
Investment property to 80% LTV: +1.5; 85-90% LTV: +2.5
Fannie Mae Conforming loan limits (more would be a Jumbo Loan):
1 family property: $417,000      2 family property: $533,850     3 family: $645,300     4 family: $801,950 
Rates on other products (adjustable, sub-prime credit, balloons, etc.) please call (610) 882-4140 or submit rate request on-line.

Lock-in fees:  
Most Locks have no lock-in fee up to 90 days.  
Lock-in Procedure:
To request a rate lock, a signed loan application must be submitted to us (via fax or mail) with a written request for a rate lock.  This must be received and forwarded to the investor's lock-in dept. before interest rates change. 

* Posted rates assume a 30 day lock, 80% CLTV, conventional, $350,000 minimum, full documentation, conforming Purchase or "no cash-out" refinance mortgage with escrows for taxes and insurance.  Long term locks, lesser loan amounts, cash-out above 70% LTV, construction loans and non-conforming/sub-prime credit loans may have additional fees/rates.   Information is deemed reliable and is subject to change. 

Custom Rate Quote Request        Low Interest Rate Guarantee         Home

 

 


 

 

 

 

 

 

 

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Contact our EasyLoan Hotline at  (610) 326-2099 or  (800) 441-3721 or online. 
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