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Privacy
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Rates
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MORTGAGE LOANS
Residential Loan Rates
Dated 09/01/2010
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| Purchase Transactions |
Loan Amount |
Interest Rate % |
Loan Fee % |
Payment $ |
APR % |
| CONFORMING |
| 30 Year Fixed |
$417,000 |
4.375 |
1.50 |
2,082.02 |
4.577 |
| 30 Year Fixed |
$150,000 |
4.375 |
1.50 |
748.93 |
4.894 |
| 15 Year Fixed |
$417,000 |
3.875 |
1.50 |
3,058.44 |
4.218 |
| 7/1- LIBOR (5-2-5)ARM |
$417,000 |
3.875/3.090 |
1.50 |
1,960.89/1,812.90 |
3.647 |
| 5/1- LIBOR (5-2-5)ARM |
$417,000 |
3.750/3.090 |
1.50 |
1,931.19/1,798.88 |
3.508 |
| 3/1- LIBOR (2-2-6) ARM |
$417,000 |
3.875/3.090 |
1.50 |
1,960.89/1,798.93 |
3.474 |
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| JUMBO (>$417,000) 75%LTV |
| 7/1 LIBOR (5-2-5) ARM |
$600,000 |
4.750/3.090 |
1.50 |
3,129.86/2,659.61 |
4.171 |
| 5/1 LIBOR (5-2-5) ARM |
$600,000 |
4.000/3.090 |
1.50 |
2,864.49/2,598.95 |
3.589 |
| 3/1 LIBOR (2-2-6) ARM |
$600,000 |
3.750/3.090 |
1.50 |
2,736.81/2,573.03 |
3.380 |
| Interest rate for ARM is fixed for the initial period (3, 5, or 7 years) then may adjust annually based on the index rate and margin. Second payment amount is the estimated payment at the first adjustment. |
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| OTHER LOAN PROGRAMS |
| 30 Year Fixed 80% LTV |
$500,000 |
5.250 |
1.75 |
2,761.02 |
5.441 |
| 30 Year Fixed 80% LTV |
$600,000 |
5.375 |
1.75 |
3,359.83 |
5.562 |
| 30 Year Fixed 80% LTV |
$700,000 |
5.750 |
1.75 |
4,085.01 |
5.937 |
| 30 Year Fixed 75% LTV |
$850,000 |
6.000 |
1.75 |
5,096.18 |
6.185 |
| 15 Year Fixed 80% LTV |
$500,000 |
5.125 |
1.75 |
3,986.60 |
5.450 |
| 15 Year Fixed 80% LTV |
$600,000 |
5.250 |
1.75 |
4,823.27 |
5.567 |
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| CUSTOM CONSTRUCTION |
| 30 Year Fixed |
$600,000 |
5.375 |
2.75 |
3,359.83 |
5.670 |
| 30 Year Fixed (75% LTV) |
$850,000 |
6.000 |
2.75 |
5,096.18 |
6.300 |
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| GREAT START LOAN (Owner Occupied Only) |
| 80% LTV |
$417,000 |
3.250# |
1.50 |
1,814.81 |
5.107 |
| 80.01-85% LTV |
$417,000 |
3.750# |
1.50 |
1,931.19 |
5.471 |
| Great Start Loan requires 700 minimum credit score |
| Payment amounts shown above do not include reserves for Taxes or Insurance. If applicable, the actual payment obligation will be greater. |
| # Interest rate fixed for first 2 years then will increase by 2% for remaining 28 years |
| ## Interest rate will decrease by .5% (self insurance add) when LTV reaches 80% |
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| ****2010 Conforming Loan Limits: SFR-$417,000 2-Unit - $533,850 3-Unit - $645,300 4-Unit - $801,950 |
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| 62 or older and want to Eliminate your mortgage payment - ask us about a REVERSE MORTGAGE! |
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| Interest rates quoted are based on a 30-day lock and for purchase transactions with a credit score of 720 and 80% LTV. Rates for borrowers with lower credit scores will be higher. Actual APR will depend on your credit score, interest rate and program selected. Interest rates on refinance transactions will be higher. Call for specific quote. Good Faith Estimate provided upon request. |
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| 1 year LIBOR Index (8/3/2010) 1.015% FHA LOANS AVAILABLE UP TO 96.5% OF PURCHASE PRICE VA LOANS AVAILABLE UP TO 100% OF PURCHASE PRICE USDA Rural Housing Program now offers up to 102% financing-call for details |
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| Fees/costs that may apply to your loan can include: Appraisal, Title Insurance, Credit Report, Escrow Fee, Recording Fee, Underwriting, Processing, Flood Cert, Tax Registration, Wire, Courier, E-mail, etc. Amounts may vary depending on property type and loan size. Consult your CPA or tax advisor to determine if the interest paid may be tax deductible. |
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Michael Davis
Residential Loan Officer
253-531-2700
253-255-1874
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Tina Lombard Harris
Residential Loan Officer
253-566-3885
253-332-5986
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