 |
 |
 |
|
 |
|
 |
| |
11:41:48 AM
Wednesday, January 07, 2009
30 Year Fixed:
5.000% - No Points or Origination fees.
APR 5.178%
15 Year Fixed:
4.750% No Points or Origination fees.
APR 5.056%
See our products page for today's rates!
Note: Posted rates assume a 12 day rate lock, 720 middle credit score and minimum loan amount of $180,000.00 dollars.
Extended rate locks available up to 180 days.
Today's rates expire from 9 PM-11 PM EST M-F daily depending on the lender selected.
Rates subject to change through 4 PM daily.
Are you thinking of a Purchase or Refinance and want to lock your rate now? Here's how to get ready;
Submit your application online and fax your Borrower Authorization form.
Fax your most recent W2 form and pay stub or 2 years Federal tax returns if self-employed.
We will verify your income, upload your credit report to your application and submit your mortgage through the Fannie Mae Automated Underwriting System. In seconds we'll have an answer for you. It's that easy!
If you like, you can lock in our low rates for 21 days TODAY!
New changes are in effect for credit scores, cash out and loan to value's for new Purchases and Refinancing on 1-4 unit properties.
Call to find out how these new changes affect you. |
|
|
|
|
|
|
 |
|
|
| |
| 30 Year Fixed |
| 20 Year Fixed |
| 15 Year Fixed |
| 10 Year Fixed |
| 30 Year Jumbo |
| 15 Year Jumbo |
| No points-No Closing Costs-No Origination fees |
| Commercial Loans to 1.5MM and up to 97% Loan to Value for Owner Occupied properties |
Rates last updated on Wednesday, January 07, 2009
|
30 Year Fixed
For Purchase loans
Posted rates assume owner occupied single family and condo purchase. Mortgage insurance required over 80% Loan to Value, minimum loan amount of $180,000.00 dollars and middle credit score of 720.
For Refinance loans
Posted rates assume a rate and term no cash out, 720 middles credit score, 12 day rate lock and owner occupied single family or condo. The maximum cash out is 90% Loan to Value. New cash out fees apply. Please call for more information.
A limited cash out allows for change to rate and term, includes closing costs, prepaid items and cash back of $2000.00 dollars with no fee. Call or email for details about our Low Rates on cash out for Owner and Non-Owner occupied properties!
Term: 30 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 4.5% | 1% | 4.762% | | 5% | 0% | 5.178% |
| | Are you looking to change your adjustable rate mortgage to a worry free 30 year fixed rate?
A limited cash out program may be just what you need!
Don't plan on staying in the property very long?
A no points no closing costs program may be just what you need!
We will help you decide what is best for your personal circumstances. Give us a call and get the answers you need! |
 |
20 Year Fixed
Owner occupied single family and condo purchase or refinance.
Term: 20 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 4.875% | 0% | 5.116% |
|
15 Year Fixed
Owner occupied single family and condo purchase or refinance.
Term: 15 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 4.5% | 1% | 4.959% | | 4.75% | 0% | 5.056% |
|
10 Year Fixed
Owner occupied single family and condo purchase or refinance.
Term: 10 years
Maximum Amount: $417,000
|
| Rates | Points | APR |
|---|
| 4.625% | 0% | 5.062% |
|
30 Year Jumbo
Loan amounts greater than $417,000 dollars.
*Assumes a 25% down payment single family or condo purchase.
Minimum credit score of 740 / Full Document only.
No subordinate financing / Maximum loan amount of 2 million to 70 LTV.
2-4 unit financing available.
Term: 30 years
Maximum Amount: $99,999,999
|
| Rates | Points | APR |
|---|
| 7.75% | 2% | 8.069% | | 8.5% | 1% | 8.721% |
| | Loan amounts greater than 1 MM > < 2 MM. Please call for daily pricing.
Available in 5-7-10 year Libor Arms and Interest Only Libor Arms. |
|
15 Year Jumbo
Loan amounts greater than $417,000 dollars.
*Assumes a 25% down payment single family or condo purchase.
Minimum credit score of 740 / Full Document only.
No subordinate financing / Maximum loan amount of 2 million to 70% LTV.
Term: 15 years
Maximum Amount: $99,999,999
|
| Rates | Points | APR |
|---|
| 7.5% | 2% | 8.001% | | 8.125% | 1% | 8.462% |
| | Available in 5-7-10 year Libor Arms and Interest only Libor Arms. |
|
No points-No Closing Costs-No Origination fees
Your Town Mortgage does not charge Origination Fees and there is no such thing as a no cost home loan. The closing costs involved in your Purchase or Refinance are paid for by increasing the interest rate, paying points, origination fees or any combination thereof. A portion of those fees are credited back to you at closing to pay for closing costs. The time you expect to live in the home will determine if this program is right for you.
Either way you will pay closing costs. Your Town Mortgage will help you decide what choices are the best for your personal circumstances!
Term: 30 years
Maximum Amount: $417,000
|
|
Commercial Loans to 1.5MM and up to 97% Loan to Value for Owner Occupied properties
Your Town Mortgage can finance the following property types;
Multi Family over 5 units, Mixed use, Automotive, Bed & Breakfast, Light Industrial, Mobile Home Parks, Office Buildings, Retail Buildings, Self Storage, Warehouse, Flagged Hotels, Funeral Homes, Industrial, Rooming Houses, Day Care, Gas Stations, Health Care, Restaurant, RV Park and Unflagged Hotels.
Term: 30 years
Maximum Amount: $99,999,999
|
| | Full and Low documentation programs.
Unlimited cash outs up to $1.5 Million.
Up to 97% LTV's for A credit borrowers owner occupied only.
Terms:
15, 20, 30 year fully amortized loans available on all property types, no balloons.
Declining Fixed Rate Program:
Decreases .50% every 5 years with excellent pay history on 30 year fixed rate. Rate floor of 8.250%.
|
|
|
|
|
|
|
|
|