| |
|
|
|
Last update:
5/7/08
Why gamble?
Lock in now with a free float down option.
|
   |
PA
Conforming Fixed Interest Rates ---
loans up to $417,000:
*:
| |
LTV |
Term |
Rate (%) |
Points |
A.P.R. (%) | |
To 97% |
40 year fixed rate (frm) or interest only |
add .25% to 30 year rates | |
To 97% |
30 years |
5.875 |
0 |
5.89 | | |
30 years |
5.625 |
1 |
5.78 | | |
30 years |
6.625 NO CLOSING COSTS | |
6.625 | | |
20 year fixed rate |
deduct .125% from 30 year rates | | |
15 years |
5.375 |
0 |
5.39 | | |
15 years |
5.125 |
1 |
5.3 | | |
10 year fixed rate |
deduct .125% from 15 year rates | |
97.01-100% |
30 years |
add .125% to 30 year rates at top |
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) | |
100.01-103% |
7/1 ARM ** $0 down, finance closing costs. |
add .25% to 30 year rates at top.
This
program is a 7/1 ARM -- rate is fixed for 7 years, then adjusts
annually. Excellent credit required for this no money down
program. Credit score must be 700 or higher. |
Pennsylvania Interest Only Mortgages
|
|
LTV |
Rate (%) |
|
To 95% |
add 0.75% to rate, or pay a fee of 1 point
at closing, to above "conforming" rates or "jumbo" rates below |
PA Fixed Rate Jumbo loans -- up to $1,000,000:
| |
LTV |
Term |
Rate (%) |
Points |
A.P.R. (%) | |
To 90% |
30 year fixed Jumbo |
6.75 |
0 |
6.77 | | |
20 years |
deduct 0.125% from 30 year rates | | |
10 or 15 years |
deduct 0.625% from 30 year rates |
Contact us for
other rates, points, loan amounts |
30 year LIBOR ARM Mortgages to 100% LTV:*
|
|
Type |
LTV (%) |
Term |
Rate (%) |
Points |
APR (%) |
Caps---Margin |
Add 0.125% to rate for No Income Verification or Interest Only.
Published rates are to 95% LTV. Higher
LTV's require add-on to rate or points.
This is a sample of what we offer ---
Contact us for other ARM's,
rates, points, loan amounts |
|
3/1 ARM |
95 |
30 years |
5.0 |
0 |
5.03 |
2/2/6 --- 2.5% | |
3/1 |
95 |
30 |
4.75 |
.5 |
5.8 |
2/2/6 --- 2.5% |
|
5/1 |
95 |
30 |
5.125 |
0 |
5.13 |
5/2/5 --- 2.5% |
|
7/1 |
95 |
30 |
add approximately .125% to 5/1 Rates |
40
year Conforming ARM Mortgages to 95% LTV:*
| |
Type |
LTV (%) |
Term |
Rate (%) |
Points |
APR (%) |
Caps---Margin | |
40 year fixed |
97 |
40 years |
add .25% to 30 year
fixed rate above | | |
3/1, 5/1, or 7/1 ARM |
95 |
40 years |
add 0.25% to
30 year ARM rates above or pay .75 points |
same as above |
|
| |
Type |
LTV (%) |
Rate (%) |
Points |
Notes: |
|
30 year fixed |
65% max |
7.0% |
3 |
Higher LTV/CLTV will increase rate.
Show income, or assets, or job and receive lower rate.
Other rate/point options available. |
|
Call for custom quote
and free pre-approval - 610.326.2099 |
-
Up to 12 month construction phase.
-
Rate: Prime
WSJ current prime rate = 6%
-
Interest only During Construction Phase
-
1 point to cover inspections for draws and no
other construction loan fees! .
-
Permanent rate is
best rates available -- no higher
rate over 30 years for being construction loan.
-
Remodel, Demolish & Rebuild, Rehabilitation,
Custom Home Construction all eligible.
-
Two Permanent Phase Rate Lock options --
Lock-then-Build or Build-then-lock
-
Contact us for more information at
610 326-2099.
95% LTV --- 5% down
-
Interest
Rates
-
Contact us for other rate/points combination at 610 326-2099.
- Loans 95% LTC (Loan to Cost)
- 5% down required (or use lot equity)
- Lock in for Permanent Phase locked in prior to
construction with free float down option.
Details.
- Guidelines: Minimum credit score 660.
Bankruptcy, if applicable, must be discharged over 4 years.
- Modular Homes okay (no doublewide or HUD
code)
- 660 minimum credit score
- No self builds. General contractor
required.
Pennsylvania Lot Loans :
Program
1:
20% down --
lowest rate
(not available in Poconos) 5 acre max.
3 year FIXED. 6.375%
Program 2:
20% down. 25 acre max. 3 year
balloon with 30 year amortization. 6.375%
General Notes:
660 minimum credit score required for a lot loan.
$60,000 minimum loan amount - all lot loans.
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, 95% +3
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)
326-2099 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, $275,000
minimum, full documentation, conforming purchase or no cash-out
refinance mortgage with escrows for taxes and insurance. Long
term locks, Mega-Jumbo loans, lot, 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
|
| |
|
