Mortgage Rates
Mortgage Rates
(as of 03/31/2009 @ 1 PM)
| Loan Program | Rate | Fixed Cost | Points | P & I |
| 30 Year Fixed (Conv) | 4.500% | $3,500 | 1/2 | $1013.37 |
| 30 Year Fixed (FHA) | 4.750% | $3,500 | 1/2 | $1061.55 |
| 30 Year Fixed (VA) | 4.750% | $3,500 | 1/2 | $1043.29 |
| 30 Year Fixed (USDA) | 5.125% | $3,500 | 1/2 | $1110.75 |
P & I is based on a $200,000 loan amount on a 30-day lock. Other required loan criteria: 1) borrower(s) must have 620 minimum middle credit score; 2) borrower(s) must have two years employment in the same line of work; 3) need proof of income for past 30 days; 4) need w2's for past 2 years; 5) need two most recent tax returns; 6) need appraisal performed within 60 days of closing; and, 7) need market condition analysis to support appraisal.
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