PA
Conforming Fixed Interest Rates ---
loans up to $417,000:
*:
| |
LTV |
Term |
Rate (%) |
Points |
A.P.R. (%) | |
To 105% |
30 years |
3.625 |
0 |
3.64 | | |
20 year fixed rate |
deduct .125% from 30 year rates | | |
15 years |
3.0 |
0 |
3.03 | | |
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 5/1 ARM |
3.0 |
0 |
3.05 |
FHA loans
--- loans up to FHA Maximum from
580 FICO:
| |
LTV |
Term |
Rate (%) |
Points |
A.P.R. (%) | |
96.5-97.75 |
30 years 203(b) FICO > 620 |
3.5 |
0 |
3.54 |
| |
96.5-97.75 |
30 years 203(b) FICO 580- 620 |
4.0 |
0 |
4.05 | |
LTV |
Term |
Rate (%) |
Points |
A.P.R. (%) | |
96.5-97.75 |
30 years 203(b) FICO > 620 |
3.25 |
1 |
3.36 |
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. |
|
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 |
0.250 |
0.000 |
0.000 |
(0.250) |
(0.250) |
(0.250) |
(0.250) |
(0.750) |
|
720-739 |
0.250 |
0.000 |
(0.250) |
(0.500) |
(0.500) |
(0.500) |
(0.500) |
(1.000) |
|
700 - 719 |
0.250 |
(0.500) |
(0.750) |
(1.000) |
(1.000) |
(1.000) |
(1.000) |
(1.500) |
|
680 - 699 |
0.000 |
(0.500) |
(1.250) |
(1.750) |
(1.500) |
(1.250) |
(1.250) |
(1.750) |
|
660 - 679 |
0.000 |
(1.000) |
(2.250) |
(2.750) |
(2.750) |
(2.250) |
(2.250) |
(2.750) |
|
640 - 659 |
(0.500) |
(1.250) |
(2.750) |
(3.000) |
(3.250) |
(2.750) |
(2.750) |
(3.250) |
|
620 - 639 |
(0.500) |
(1.500) |
(3.000) |
(3.000) |
(3.250) |
(3.250) |
(3.250) |
(3.750) |
|
<620 |
(0.500) |
(1.500) |
(3.000) |
(3.000) |
(3.250) |
(3.250) |
(3.250) |
(3.750) |
|
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|
|
|
|
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|
|
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) |
(0.625) |
|
|
|
|
720 - 739 |
0.000 |
(0.625) |
(0.625) |
(0.750) |
(1.500) |
|
2-Unit Property |
(1.000) |
|
700 - 719 |
0.000 |
(0.625) |
(0.625) |
(0.750) |
(1.500) |
|
3 & 4-Unit Property |
(1.000) |
|
680 - 699 |
0.000 |
(0.750) |
(0.750) |
(1.375) |
(2.500) |
|
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 |
|
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Occupancy |
|
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|
|
|
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|
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 |
|
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, 780 FICO, conventional, $400,000
minimum, full documentation, conforming purchase mortgage with escrows for taxes and insurance. Longer
term locks, lesser loan amounts, cash-out above 70% LTV, credit
scores below 740, may have additional
fees/rates. Information is deemed reliable and is
subject to change.
Custom
Rate Quote Request
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