Internal Daily Mortgage Rate Sheet (internal use only)
Conforming – Max LTV 95%
|30-Year Fixed Rate: First Time Homebuyer||0||3.750%||3.786%|
|30-Year Fixed Rate||0||3.875%||3.916%|
Jumbo* – Loan Amounts Available Greater Than $1,500,00
|30-Year Fixed Rate||0||4.125%||4.140%|
First Mortgage Adjustable Rate – Conforming and Jumbo
FIRST MORTGAGE NOTES:
- *APR will vary based on the loan amount and prepaid fees. Prepaid fees include: Origination, application, underwriting, points, flood, tax service, prepaid interest, PMI insurance premium, attorney fee, and express mail charge fee.
- 2 Point Product Available
- Cash-out refinance Max LTV of 70%
- Add additional .25 bp for all second homes
- APR assumes 20% downpayment
- No LLPA on Fixed Rate Mortgage or ARM
- Second Homes and Pleasant Street Condominium have increased rate of .25%
- First Time Home Buyer Discounts include: Free Pre-Approvals and discounted Rate .125%, $500 Lender Credit
- NPNC (No Points No Closing Costs) Minimum Loan Amount = $200,000.
|Product||APR¹||Min & Max Amounts|
|HELOC (10/15)||4.74%||$25,000 – $200,000|
|Terms||APR||Min & Max Amounts|
|5 years||3.875%||$25,000 – $200,000|
|10 years||4.375%||$25,000 – $200,000|
HOME EQUITY NOTES:
- HELOC features 10 Year draw – 15 year payback.
- HELOC Rate is Prime -.26 for the life of loan
- Fixed second Discount .25% with autopay from HUECU checking account. Rate are based on auto pay discount.
- Additional recording fees and prepaids may apply
- No closing costs. If loan is paid off before the 2 year anniversary member will be required to pay closing costs.