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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 |
| 4.125% |
1.331% |
4.303% |
3.625% |
1.351% |
3.936% |
| 4.250% |
0.766% |
4.381% |
3.750% |
0.272% |
3.902% |
| 4.375% |
-0.335% |
4.413% |
3.875% |
-0.270% |
3.947% |
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% |
2.50% |
2.00% |
1.00% |
0.50% |
0% |
0% |
| 75.01 - 80 |
3.00% |
3.00% |
2.50% |
1.50% |
0.75% |
0.25% |
0% |
| 80.01 - 85 |
3.00% |
2.75% |
2.25% |
1.00% |
0.50% |
0% |
0% |
| 85.01 - 97 |
2.25% |
2.25% |
1.75% |
0.75% |
0.50% |
0% |
0% |
| 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% |
5.200% |
5.360% |
70% |
4.500% |
4.764% |
| 75% |
5.300% |
5.461% |
75% |
4.600% |
4.866% |
| 80% |
5.400% |
5.562% |
80% |
4.700% |
4.967% |
| 85% |
5.500% |
5.664% |
85% |
4.800% |
5.069% |
| 90% |
5.700% |
5.867% |
90% |
5.000% |
5.271% |
| 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 720 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 |
| 4.000% |
1.332% |
4.939% |
4.000% |
-0.301% |
4.491% |
| 4.250% |
-0.633% |
5.023% |
4.500% |
-2.023% |
4.736% |
| 4.375% |
-1.052% |
5.113% |
5.000% |
-2.653% |
5.144% |
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 0.125% pt.,
620 - 660 = add 0.25 pt.
All Loans - 620 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 |
| 4.000% |
1.332% |
4.311% |
4.000% |
-0.301% |
4.303% |
| 4.250% |
-0.633% |
4.395% |
4.500% |
-2.023% |
4.548% |
| 4.375% |
-1.052% |
4.485% |
5.000% |
-2.653% |
4.956% |
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:
30 yr Loans - >700 = subtract 0.125% pt.,
620 - 660 = add 0.25 pt.
15 yr Loans - 620 - 639 = add 0.75 pt., 640 - 659 = add 0.25% pt.
All Loans - 620 Minimum. |
| Texas
Vet base rate is 4.04% APR=4.411% (effective
09/03/10) |
| 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 |
| 4.250% |
0.000% |
4.251% |
Not Available. |
| 4.375% |
0.000% |
4.385% |
| 4.500% |
0.000% |
4.483% |
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.
Loan amount => $1,000,000 = add 5.0 pts. |
Credit Scores:
>700 = subtract 0.125% pt.
620 - 660 = add 0.25 pt.
620 Minimum.
Loan amount > $700,000 = minimum 620
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 |
| 4.375% |
1.250% |
4.740% |
Not Available. |
| 4.500% |
0.375% |
4.789% |
| 4.625% |
-0.250% |
4.861% |
Notes:
Zero down.
Maximum loan amount is $417,000, including a 3.5% 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:
620 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 |
| 4.250% |
1.641% |
4.457% |
3.625% |
1.726% |
3.993% |
| 4.375% |
0.540% |
4.488% |
3.750% |
0.647% |
3.957% |
| 4.500% |
0.062% |
4.573% |
3.875% |
0.105% |
4.003% |
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% |
2.50% |
2.00% |
1.00% |
0.50% |
0% |
0% |
| 75.01 - 80 |
3.00% |
3.00% |
2.50% |
1.50% |
0.75% |
0.25% |
0% |
| 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:
Thursday, September 9, 2010 2:58 PM
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| Quick Links |
-
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
- Credit score - See Rate Table
- 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 2.15%
VA Funding Fee(1st use) 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
- Credit score - See Rate Table.
- 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 2.25% Upfront MIP financed in the loan amount and included in the APR.
- Monthly MI = 0.55%
- 661 to 700 credit scores
- 30 day lock.
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