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Friday,
November 20, 2009 |
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FHA 5.375%
VA 5.250%
30 YR Fixed 5.125%
20 YR Fixed 5.125%
15 YR Fixed 4.500%
SONYMA 5.000%
PHFA 5.625%
5/1 ARM 4.750%
(APRs available in Loan Programs) | |
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| Fixed Rate Loan 30 Year |
| Fixed Rate Loan 20 year |
| Fixed Rate Loan 15 Year |
| SONYMA Low Interest Rate |
| FHA 30 Year Fixed Rate |
| FHA 203K 30 Year Fixed Rate |
| VA 30 Year Fixed Rate |
| PHFA 30 Year Fixed |
| 5/1 Adjustable Rate Mortgage |
Rates last updated on Wednesday, November 18, 2009
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Fixed Rate Loan 30 Year
This loan will amortize over a period of 30 years (360 months) at a 'fixed', or level, payment of principal and interest for the life of the loan.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.125% | 0% | 5.153% |
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Fixed Rate Loan 20 year
This loan will amortize over a period of 20 years (240 months) at a 'fixed', or level, payment of principal and interest for the life of the loan.
Term: 20 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.125% | 0% | 5.163% |
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Fixed Rate Loan 15 Year
This loan will amortize over a period of 15 years (180 months) at a 'fixed', or level, payment of principal and interest for the life of the loan.
Term: 15 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.5% | 0% | 4.547% |
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SONYMA Low Interest Rate
This loan is a special offering through the State of New York Mortgage Agency. The program is designed for first time homebuyers and is subject to income and purchase price limits. Most often, the loan is for a term of 30 years (360 months) but a longer term is available. The payment is 'fixed', or level, for the life of the loan.
Term: 30 years
Maximum Amount: $237,030
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| Rates | Points | APR |
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| 5% | 0% | 5% |
| | This type of loan may have a different structure depending on Household Size, Target Areas and Multi-Family homes. The owner must occupy the home. Please contact us for additional information. |
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FHA 30 Year Fixed Rate
This is a FHA - insured fixed rate mortgage loan that allows for low down payments and up to 6% seller concessions. This product has more liberal credit qualification guidelines than a standard conventional loan.
Term: 30 years
Maximum Amount: $271,050
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| Rates | Points | APR |
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| 5.375% | 0% | 5.403% |
| | Other loan terms are available - 15 Year, 20 Year and 25 Year. |
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FHA 203K 30 Year Fixed Rate
This program is designed by HUD for the rehabilitation of a primary residence. Section 203(k) insurance enables homebuyers and homeowners to finance either a purchase or a refinance of a house and the cost ot its rehabilitation through a single mortgage.
Term: 30 years Maximum Amount: $271,050
Rates available upon request.
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VA 30 Year Fixed Rate
VA mortgages allow up to 100% financing for eligible military personnel. The qualifying guidelines are more liberal than a standard conventional loan. Maximum financing can be obtained without private mortgage insurance.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.25% | 0% | 5.276% |
| | A Certificate of Eligibility is required. Other loan terms are available - 15 Year and 20 Year. |
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PHFA 30 Year Fixed
Pennsylvania Housing Finance Agency provides the capital for safe, affordable homes for older adults, persons of modest means and those with special housing needs. There are eligibility requirements and some unique lending programs involving assistance loans for down payments and closing costs. Please call us for additional details about this Homeownership Program.
Term: 30 years
Maximum Amount: $202,000
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| Rates | Points | APR |
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| 5.625% | 0% | 5.654% |
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5/1 Adjustable Rate Mortgage
This loan will amortize over a period of up to 30 years (360 months). The first 5 years (60) have a payment that is 'fixed', or level. Annually thereafter, the principal and interest payments adjust based on a preselected index plus a margin with rate cap adjustments.
Term: 30 years
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| Rates | Points | APR |
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| 4.75% | 0% | 5.024% |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $16,680. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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