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Home Loan Interest Rates
Conforming Loan Limits -
Click here ...
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30 Year Fixed Loans
30 day lock.
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15 Year Fixed Loans
30 day lock.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 6.125% |
0.967% |
6.319% |
5.750% |
1.186% |
6.100% |
| 6.250% |
0.616% |
6.410% |
5.875% |
0.726% |
6.154% |
| 6.375% |
-0.007% |
6.476% |
6.000% |
0.253% |
6.205% |
Notes:
Investment Properties - Additional Fees apply.
Regular and interest only loans available.
40 year Fixed Rates available.
|
Adjustments:
See Credit Score Adjustments below.
2 unit = add 0.50% pt.
3 - 4 units = add 1.0 pt. |
Credit Score Adjustments to Points
All
Loans with terms > 15 years (1) |
LTV's
(Loan to Value) |
Credit Scores
(Lowest middle score of 3 or lower score of 2) |
| <620 |
620 - 639 |
640 - 659 |
660 - 679 |
680 - 699 |
700 -719 |
720 - 739 |
>739 |
| < 60% |
1% |
0.25% |
0% |
0% |
0% |
-0.25% |
-0.25% |
-0.25% |
| 60.01 - 70 |
1.0% |
0.75% |
0.50% |
0.50% |
0.50% |
0.50% |
0% |
0% |
| 70.01 - 75 |
2.75% |
2.50% |
1.75% |
1.25% |
0.50% |
0.50% |
0% |
0% |
| 75.01 - 80 |
2.75% |
2.75% |
2.25% |
1.75% |
1.0% |
0.75% |
0.25% |
0% |
| 80.01 - 85 |
2.75% |
2.75% |
2.0% |
1.50% |
0.50% |
0.50% |
0% |
0% |
| 85.01 - 97 |
2.75% |
2.25% |
1.50% |
1.0% |
0.25% |
0.25% |
-0.25% |
-0.25% |
| 1) Loans with terms <= 15
years & LTV > 70% & CS <620 - add
1.0% pt. |
Additional Credit Score Adjustments to Points
Cash-out Loans for Investment Properties & Second Homes
(Primary Residence cash-out - see Home Equity Loans below) |
LTV's
(Loan to Value) |
Credit Scores
(Lowest middle score of 3 or lower score of 2) |
| <620 |
620-639 |
640-659 |
660-679 |
680-699 |
700-739 |
>739 |
| < 60% |
1% |
0% |
0% |
0% |
0% |
0% |
0% |
| 60.01 - 75 |
1.750% |
0.75% |
0.75% |
0.25% |
0.25% |
0.125% |
0% |
| 75.01 - 80 |
2.75% |
2.25% |
1.75% |
1.00% |
0.875% |
0.50% |
0.25% |
| 80.01 -85 |
3% |
2.50% |
2.50% |
2.0% |
2.0% |
1.0% |
0.375% |
| 85.01 -90 |
3% |
2% |
d% |
1.50% |
1.50% |
0.50% |
0.375% |
Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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30 Year Fixed Loans
30 day lock.
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15 Year Fixed Loans
30 day lock.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 7.500% |
0.821% |
7.641% |
7.000% |
1.589% |
7.346% |
| 7.625% |
0.527% |
7.737% |
7.125% |
1.367% |
7.436% |
| 7.750% |
0.256% |
7.835% |
7.250% |
1.159% |
7.528% |
Notes:
Maximum Loan Amount = $750,000.
Maximum LTV = 90%.
Maximum DTI = 50%.
Second Homes add 0.25% Pt.
Second Home Cash-out < 75.01% LTV add 0.25% Pt.
Second Home Cash-out > 75% LTV add 0.50% Pt.
NO Investment Properties. |
Credit Scores:
>700 = -0.125% Pt.
CLTVs > 80% CS = 680 - 700 add 0.375%.
CLTVs > 80% CS = 700-739 add 0.125%.
Minimum CS = 680
More Info
on Jumbo Loans |
Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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30 Year Fixed Loans
30 day lock.
|
15 Year Fixed Loans
30 day lock.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 8.375% |
1.295% |
8.581% |
7.250% |
0.705% |
7.453% |
| 8.500% |
1.119% |
8.688% |
7.375% |
0.508% |
7.547% |
| 8.625% |
0.944% |
8.795% |
7.500% |
0.303% |
7.640% |
Notes:
Maximum Loan Amount = $2,000,000
Maximum LTV = 90%
LTV 80.01 to 90% add 1.50% Pt.
Loans $1.5MM to $2.0MM add 0.50% Pt.
Second homes add 0.125 Pt. & Max LTV = 80% |
Credit Scores:
See Credit Score Adjustments below..
More Info
on Jumbo Loans |
| Credit Score Adjustments to Points |
LTV's
(Loan to Value) |
Credit Scores
(Lowest middle score of 3 or lower score of 2) |
| 700 - 719 |
720 -779 |
>780 |
| <= 75% |
0% |
0 |
0 |
| 75.01 - 80 |
0.75% |
0.25% |
0% |
| 80.01 - 85 |
1.50% |
1.125% |
0.25% |
| 85.01 - 90 |
1.50% |
1.125% |
0.75% |
Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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30 Year Fixed Loans
30 day lock.
|
15 Year Fixed Loans
30 day lock.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 6.000% |
0.463% |
6.274% |
5.500% |
1.456% |
6.238% |
| 6.250% |
0.095% |
6.493% |
6.000% |
-0.055% |
6.502% |
| 6.375% |
-0.337% |
6.577% |
6.500% |
-1.219% |
6.821% |
| 6.500% |
-1.047% |
6.634% |
% |
% |
% |
Notes:
Maximum VA $0 down loan limit is $417,000,
including the
VA Funding Fee , if financed.
Refinance Loan Rates - Request
Good Faith Estimate.
VA 1 yr ARM, 3/1 ARM & 5/1 ARM loans available.
|
Credit Scores:
620 - 660 = add 0.25 pt.
600 - 619 = add 0.625 pt.
580 - 599 = add 1.25 pt.
580 Minimum. |
| Texas
Vet base rate is 6.13% APR=6.519% (effective
08/22/08) |
| Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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30 Year Fixed Loans
30 day lock.
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.
.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 5.875% |
0.559% |
5.972% |
% |
% |
% |
| 6.000% |
0.090% |
6.054% |
% |
% |
% |
| 6.125% |
-0.362% |
6.137% |
% |
% |
% |
| 6.250% |
-0.755% |
6.226% |
% |
% |
% |
Notes:
Maximum VA JUMBO loan limit is $1,500,000.
Down payment Required.
30 year fixed rate loans only - Other restrictions apply.
Loan amount => $1,000,000 = add 5.0 pts. |
Credit Scores:
620 - 660 = add 0.25 pt.
600 - 619 = add 0.625 pt.
580 - 599 = add 1.25 pt.
580 Minimum.
Loan amount > $700,000 = minimum 620
Loan amount > $1,000,000 = minimum 700 |
| Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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|
|
30 Year Fixed Loans
30 day lock.
|
15 Year Fixed Loans
30 day lock.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 6.375% |
0.618% |
6.537% |
6.000% |
0.836% |
6.298% |
| 6.500% |
0.150% |
6.618% |
6.125% |
0.554% |
6.380% |
| 6.625% |
-0.273% |
6.703% |
6.250% |
0.232% |
6.455% |
Notes:
Maximum LTV on
Texas
Home Equity Loans = 80%.
SFR, 1 unit, 10 acres or less.
Minimum loan amount - $85,000, Max $417,000
|
Adjustments:
See Credit Score Adjustments below. |
Credit Score Adjustments to Points
All
Loans with terms > 15 years (1) |
LTV's
(Loan to Value) |
Credit Scores
(Lowest middle score of 3 or lower score of 2) |
| <620 |
620 - 639 |
640 - 659 |
660 - 679 |
680 - 699 |
700 -719 |
720 - 739 |
>739 |
| < 60% |
1% |
0.25% |
0% |
0% |
0% |
-0.25% |
-0.25% |
-0.25% |
| 60.01 - 70 |
1.0% |
0.75% |
0.50% |
0.50% |
0.50% |
0.50% |
0% |
0% |
| 70.01 - 75 |
2.75% |
2.50% |
1.75% |
1.25% |
0.50% |
0.50% |
0% |
0% |
| 75.01 - 80 |
2.75% |
2.75% |
2.25% |
1.75% |
1.0% |
0.75% |
0.25% |
0% |
| 80.01 - 85 |
2.75% |
2.75% |
2.0% |
1.50% |
0.50% |
0.50% |
0% |
0% |
| 85.01 - 97 |
2.75% |
2.25% |
1.50% |
1.0% |
0.25% |
0.25% |
-0.25% |
-0.25% |
| 1) Loans with terms <= 15
years & LTV > 70% & CS <620 - add
1.0% pt. |
Additional Credit Score Adjustments to Points
Texas Cash-out Loans - Primary Residence |
LTV's
(Loan to Value) |
Credit Scores
(Lowest middle score of 3 or lower score of 2) |
| <620 |
620-639 |
640-659 |
660-679 |
680-699 |
700-739 |
>739 |
| < 60% |
1% |
0% |
0% |
0% |
0% |
0% |
0% |
| 60.01 - 75 |
1.750% |
0.75% |
0.75% |
0.25% |
0.25% |
0.125% |
0% |
| 75.01 - 80 |
2.75% |
2.25% |
1.75% |
1.0% |
0.875% |
0.50% |
0.25% |
Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
|
| |
|
30 Year Fixed Loans
30 day lock.
|
15 year Fixed Loans
30 day lock.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 7.750% |
0.756% |
7.888% |
7.500% |
0.803% |
7.723% |
| 7.875% |
0.503% |
7.987% |
7.625% |
0.607% |
7.817% |
| 8.000% |
0.186% |
8.080% |
7.750% |
0.436% |
7.915% |
Notes:
SFR, 1 unit, 10 acres or less.
Max. LTV on
Texas
Home Equity Loans = 80% to $1MM
LTV 65.01-70% improve 0.125% Pt
LTV <= 65% improve 0.375% Pt
|
Credit Scores:
Credit scores 780+ improve 0.25% Pt..
Credit scores 620-660 add varies from 0.125 to 0.375% Pts. |
| Additional adjustments & restrictions may apply. Contact us for a
Good Faith Estimate |
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|
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30 Year Fixed Loans
30 day lock.
|
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 6.750% |
1.002% |
7.606% |
% |
% |
% |
| 6.875% |
0.577% |
7.690% |
% |
% |
% |
| 7.000% |
0.153% |
7.774% |
% |
% |
% |
Notes:
SFR, 1 unit, Primary residence.
Requires 18% mortgage insurance coverage.
Maximum loan amount $417,000.
3% Down Payment Required. |
Credit Scores:
Minimum = 680.
Adjustments:
2 unit to 95% LTV - add 0.50% pt.
3-4 units to 95% LTV - add 1.0 pt. - Minimum CS = 660.
|
This loan program has income limitations.
Your income cannot exceed the
Income Limit for the county
your property is located in.
Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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|
|
|
30 Year Fixed Loans
30 day lock.
|
.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 6.500% |
1.008% |
7.353% |
|
|
|
| 6.625% |
0.645% |
7.444% |
| 6.750% |
0.267% |
7.533% |
Notes:
SFR, 1 unit, Primary residence only.
Minimum LTV = 90%. Maximum LTV = 97%.
Requires 35% mortgage insurance.
18% mortgage insurance available - add 1.25% pts. |
Credit Scores:
Minimum credit score = 680.
680 - 719 = add 0.50% pts. |
Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
|
|
| 5, 10 or 20 year Term |
| 725+ Credit Score |
700-724 Credit Score |
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 7.500% |
1.000% |
7.755% |
7.750% |
1.000% |
8.009% |
| 680-699 Credit Score * |
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 8.750% |
1.000% |
9.026% |
% |
% |
% |
Notes:
SFR, 1 unit, Primary residence.
Minimum loan amount $25,000..
No Stated Income or 3rd lien positions.
Previous bankruptcy = Add 1.0% to Rate - Dischg. 5 yrs |
Rate Adjustments:
CLTV 80.01% - 90% = Add 0.25% to Rate
Maximum CLTV = 90% - $50
Credit Scores
* 680-699 - Max loan amt = $50,000.
700+ - Max loan amt = $100,000. |
| Additional adjustments & restrictions may apply <> Contact us for a
Good Faith Estimate |
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Rates on this Page Last Updated:
Friday, August 29, 2008 12:01 AM
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| Quick Links |
-
Pre-Qualify Online - The results along with a Good Faith Estimate will be emailed to
you.
-
Apply Online - Submit your complete loan application for loan approval.
-
Lock your Rate - Call 888-623-7083
toll free or 259-7788 in the Austin area.
-
Questions? - Email your questions to us.
|
| Notes about Rates |
- The rates listed above should only be used as a guide. Your actual rate could be more
or less due to fluctuating rates, your loan amount and your particular loan requirements.
- Rates are subject to change without notice until locked in.
Call 888-623-7083 or in Austin call
259-7788 to lock your loan rate now...
(If purchasing you must have a property under contract to lock your rate)
- Points - Includes all discount & origination points. Negative points(-0.250%) will
be a credited towards the borrowers closing costs.
One "point"(1.000) is equal to 1.000% of the mortgage loan amount.
- Conforming Loan Limits -
Click here...
|
| Rates are based on the following Assumptions |
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|
Conforming Rates
- Based on loan amount of $150,000
- 80% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- No Mortgage Insurance
- A quality credit history with 720 or higher credit scores
- 30 day lock
|
Jumbo Rates
- Based on loan amount of $650,000
- 80% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- No Mortgage Insurance
- A quality credit history with 720 or higher credit scores
- 30 day lock
|
|
VA Rates
- Based on loan amount of $150,000
- 100% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- Includes a 2.15%
VA Funding Fee(1st use) financed in the loan amount and included in the APR.
- 661 or higher credit scores
- 30 day lock
|
VA Jumbo Rates
- Based on loan amount of $650,000
- 91.04% Loan to Value
- Includes a 2.15%
VA Funding Fee(1st use) financed in the loan amount and included in the APR.
- A quality credit history with 661 or higher credit scores
- 30 day lock
|
|
Home Equity Rates
- Based on loan amount of $150,000
- 75% Loan to Value
- Owner Occupied, Primary residence
- SFR, 1 unit, 10 acres or less
- Credit score 740
- A quality credit history
- 30 day lock
|
Jumbo Home Equity Rates
- Based on loan amount of $650,000
- 80% Loan to Value
- Owner Occupied, Primary residence
- SFR, 1 unit, 10 acres or less
- Credit score 720+
- A quality credit history
- 30 day lock
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3% Down - Income Limits
- Based on loan amount of $150,000
- 97% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- Requires 18% mortgage insurance
- A quality credit history with 680 or higher credit scores
- 30 day lock
- Qualifying income limited to 120% of HUD Median Family Income
|
3% Down - NO Income Limits
- Based on loan amount of $150,000.
- 97% Loan to Value
- Owner Occupied, Primary residence, 1 unit only
- 35% mortgage insurance
- A quality credit history with 720 or higher credit scores
- 30 day lock
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Home Improvement Rates
- Based on loan amount of $50,000
- 80% Combined Loan to Value
- Owner Occupied, Primary residence, 1 unit
- Credit score requirements listed
- 30 day lock
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