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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.
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| Rate |
Points |
APR |
Rate |
Points |
APR |
| 3.625% |
1.209% |
3.868% |
3.000% |
0.893% |
3.428% |
| 3.750% |
0.758% |
3.995% |
3.125% |
0.542% |
3.555% |
| 3.875% |
0.122% |
4.122% |
3.250% |
0.220% |
3.681% |
Adjustments:
- Investment Property Fees -
-- LTV => 75% = add 1.75% pts
-- LTV > 75% to 80% = add 3.0 pts.
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Adjustments:
See Credit Score Adjustments below.
2 - 4 units = add 1.0 pt. |
Credit Score Adjustments to Points
All Loans with terms > 15 years |
LTV's
(Loan to Value) |
Credit Scores
(Lowest middle score of 3 or lower score of 2) |
| 620 - 639 |
640 - 659 |
660 - 679 |
680 - 699 |
700 -719 |
720 - 739 |
>739 |
| < 60% |
0.50% |
0.50% |
0% |
0% |
-0.25% |
-0.25% |
-0.25% |
| 60.01 - 70 |
1.50% |
1.25% |
1.00% |
0.50% |
0.50% |
0% |
0% |
| 70.01 - 75 |
3.00% |
2.625% |
2.125% |
1.25% |
0.75% |
0.25% |
0% |
| 75.01 - 80 |
3.00% |
3.00% |
2.625% |
1.75% |
1.00% |
0.50% |
0.25% |
| 80.01 - 85 |
n/a |
n/a |
n/a |
n/a |
1.00% |
0.50% |
0.25% |
| 85.01 - 95 |
n/a |
n/a |
n/a |
n/a |
1.00% |
0.50% |
0.25% |
| Minimum credit score is 620. |
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) |
| 620-639 |
640-659 |
660-679 |
680-699 |
700-739 |
>739 |
| < 60% |
0.25% |
0.25% |
0.25% |
0% |
0% |
0% |
| 60.01 - 75 |
1.25% |
1.25% |
0.75% |
0.75% |
0.625% |
0.25% |
| 75.01 - 80 |
2.75% |
2.25% |
1.50% |
1.375% |
0.75% |
0.50% |
| Minimum credit score is 620. |
Additional adjustments & restrictions may apply <> Contact us for an
analysis and estimate |
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30 Year Fixed Loans
45 day lock.
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15 Year Fixed Loans
45 day lock.
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| LTV up to |
Rate |
APR |
LTV up to |
Rate |
APR |
| 70% |
4.500% |
4.621% |
70% |
3.900% |
4.108% |
| 75% |
4.600% |
4.722% |
75% |
4.000% |
4.209% |
| 80% |
4.700% |
4.822% |
80% |
4.100% |
4.310% |
| 85% |
4.800% |
4.923% |
85% |
4.200% |
4.410% |
| 90% |
5.000% |
5.124% |
90% |
4.400% |
4.611% |
| Origination Points
= 1.000% for all loans. |
Notes:
Maximum Loan Amount = $1,500,000 at 60% LTV.
Maximum LTV = 90% to $500,000.
Maximum DTI = 45% purchase & 50% refinance.
Second Homes add 0.20% to Rate.
Loans amounts > $900k add 0.20 to Rate
Loan approval required to lock rate.
Home Equity cash-out up to 80% LTV |
1/1, 3/1, 5/1, 7/1 & 10/1 ARM loans available.
Interest only available on 3/1 & 5/1 ARM loans.
Condos up to 8 stories.
No Investment Properties
Credit Scores:
Rates based on 750 or higher credit scores.
Minimum for primary wage earner is 650.
Minimum for secondary wage earner is 625
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Additional adjustments & restrictions may apply <> Contact us for an
analysis and 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 |
| 3.375% |
1.779% |
4.472% |
3.000% |
-0.128% |
4.160% |
| 3.500% |
0.666% |
4.600% |
3.500% |
-3.024% |
4.671% |
| 3.750% |
-1.538% |
4.856% |
4.000% |
-4.276% |
5.182% |
Notes:
Minimum 3.5% down payment req'd.
Refinance Loan Rates - Request
analysis and estimate.
FHA 3/1 ARM & 5/1 ARM loans available.
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Credit Scores:
>700 = subtract 0.25% pt.,
640 - 660 = add 0.25 pt.
All Loans - 640 Minimum. |
| Additional adjustments & restrictions may apply <> Contact us for an
analysis and 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 |
| 3.375% |
1.779% |
3.800% |
3.000% |
-0.128% |
3.756% |
| 3.500% |
0.666% |
3.928% |
3.500% |
-3.024% |
4.267% |
| 3.750% |
-1.538% |
4.184% |
4.000% |
-4.276% |
4.778% |
Notes:
Maximum VA $0 down loan limit is $417,000,
including the
VA Funding Fee , if financed.
Refinance Loan Rates - Request
analysis and estimate.
VA 1 yr ARM, 3/1 ARM & 5/1 ARM loans available.
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Credit Scores:
>700 = subtract 0.25% pt.,
640 - 660 = add 0.25 pt.
640 Minimum.
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| Texas
Vet base rate is 3.60% APR=4.233% (effective
01/27/2012) |
| Additional adjustments & restrictions may apply <> Contact us for an
analysis and estimate |
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30 Year Fixed Loans
30 day lock.
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15 Year Fixed Loans
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 3.750% |
-0.507% |
4.053% |
Not Available. |
| 3.875% |
-0.925% |
4.180% |
| 4.000% |
-1.428% |
4.308% |
Notes:
Maximum VA JUMBO loan limit is $1,500,000.
Down payment Required.
30 year fixed rate loans only - Other restrictions apply.
Loans =>$700,000 subject to additional pricing adjustments
at time of underwriting. |
Credit Scores:
>700 = subtract 0.125% pt.
640 - 660 = add 0.25 pt.
640 Minimum.
Loan amount > $1,000,000 = minimum 700 |
| Additional adjustments & restrictions may apply <> Contact us for an
analysis and estimate |
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30 Year Fixed Loans
30 day lock.
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15 Year Fixed Loans
.
|
| Rate |
Points |
APR |
Rate |
Points |
APR |
| 3.500% |
1.054% |
4.366% |
Not Available. |
| 3.750% |
-1.301% |
4.616% |
| 3.875% |
-1.829% |
4.741% |
Notes:
Zero down.
Maximum loan amount is $417,000, including a
2.0% funding
fee, if financed.
Eligible borrowers must meet RDH income limitations.
Eligible properties must be in a designated RDH rural area.
Finance closing costs up to appraised value.
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Credit Scores:
640 Minimum. |
| Additional adjustments & restrictions may apply <> Contact us for an
analysis and 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 |
| 3.750% |
0.883% |
3.995% |
3.250% |
0.595% |
3.683% |
| 3.875% |
0.247% |
4.122% |
3.375% |
0.040% |
3.810% |
| 4.000% |
-0.574% |
4.248% |
3.500% |
-0.497% |
3.936% |
Notes:
Maximum LTV on
Texas
Home Equity Loans = 80%.
SFR, 1 unit, 10 acres or less.
Minimum loan amount - $85,000, Max $417,000
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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 - 639 |
640 - 659 |
660 - 679 |
680 - 699 |
700 -719 |
720 - 739 |
>739 |
| < 60% |
0.50% |
0.50% |
0% |
0% |
-0.25% |
-0.25% |
-0.25% |
| 60.01 - 70 |
1.50% |
1.25% |
1.00% |
0.50% |
0.50% |
0% |
0% |
| 70.01 - 75 |
3.00% |
2.625% |
2.125% |
1.25% |
0.75% |
0.25% |
0% |
| 75.01 - 80 |
3.00% |
3.00% |
2.625% |
1.75% |
1.00% |
0.50% |
0.25% |
| 1) Minimum credit score is
now 620. |
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) |
| 620-639 |
640-659 |
660-679 |
680-699 |
700-739 |
>739 |
| < 60% |
0.25% |
0.25% |
0.25% |
0% |
0% |
0% |
| 60.01 - 75 |
1.25% |
1.25% |
0.75% |
0.75% |
0.625% |
0.25% |
| 75.01 - 80 |
2.75% |
2.25% |
1.50% |
1.375% |
0.75% |
0.50% |
| Minimum credit score is 620. |
Additional adjustments & restrictions may apply <> Contact us for an
analysis and estimate |
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Rates on this Page Last Updated:
Monday, February 6, 2012 3:45 AM
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| Quick Links |
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Pre-Qualify Online - The results along with an estimate will be emailed to you.
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Apply Online - Submit your complete loan application for loan approval.
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Lock your Rate - Call 888-623-7083
toll free or 259-7788 in the Austin area.
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Questions? - Email your questions to us.
- Skype IM or Video Chat:
danny.j.payton
helene.m.payton
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| 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 for details about locking 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...
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| Rates are based on the following Assumptions |
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Conforming Rates
- Based on loan amount of $200,000
- 80% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- No Mortgage Insurance
- A quality credit history with 740 or higher credit scores
- 30 day lock
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Jumbo Rates
- Based on loan amount of $650,000
- 70% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- No Mortgage Insurance
- Rate based on 750+ credit score
- A quality credit history
- 45 day lock - Automatically locked on approval.
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VA Rates
- Based on loan amount of $200,000
- 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.
- Seller paid closing costs = $2000
- 661 to 700 credit scores
- 30 day lock
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VA Jumbo Rates
- Based on loan amount of $650,000
- 91.04% Loan to Value
- Includes a 1.50%
VA Funding Fee financed in the loan amount and included in the APR.
- Seller paid closing costs = $2000
- A quality credit history with 661 to 700 credit scores
- 30 day lock
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Home Equity Rates
- Based on loan amount of $200,000
- 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
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Jumbo Home Equity Rates
- Based on loan amount of $650,000
- 70% Loan to Value
- Owner Occupied, Primary residence
- SFR, 1 unit, 10 acres or less
- Rate based on 750+ credit score
- A quality credit history
- 45 day lock - Automatically locked on approval.
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USDA Rural Housing Rates
- Based on loan amount of $200,000
- 100% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- Includes a 3.50% Guarantee Fee financed in the loan amount and included in the APR.
- 661 to 700 credit scores
- 30 day lock.
- Income limits set by USDA.
- Property must be in a USDA designated area.
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FHA Rates
- Based on loan amount of $200,000
- 96.50% Loan to Value
- Owner Occupied, Primary residence, 1 unit
- Includes a 1.0% Upfront MIP financed in the loan amount and included in the APR.
- Monthly MI = 1.15%
- 661 to 700 credit scores
- 30 day lock.
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