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.