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| CONVENTIONAL LOANS |
| CONVENTIONAL PURCHASE PRODUCTS |
| JUMBO (OVER $417,000 LOAN AMOUNT) PRODUCTS |
| FHA (Purchase or Refinance) |
| INVESTMENT HOME PRODUCTS |
| 2ND MORTGAGE / LINE OF CREDIT PRODUCTS |
| REVERSE MORTGAGES |
Rates last updated on Thursday, February 16, 2012
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CONVENTIONAL LOANS
- Loans to 95% loan to value (with PMI)- (FHA loans are a great alternative here) Conventional financing typically requires a higher credit score and larger down payment. Maximum loan limit of $417,000
- USDA- 102% financing! Finance 100% of your purchase price PLUS 2% of your closing costs! 30 yr fixed purchase product. 620 or higher credit score. Geographical area limitations as well as income limitations apply.
- Are you in an Adjustable Rate Mortgage still? TIME TO REFINANCE!
- Refinance to combine your 1st and 2nd together? PMI is now tax deductible.*
- Click here to get started today!
* Consult your tax advisor.
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 4% | 4.251% | 0% |
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CONVENTIONAL PURCHASE PRODUCTS
Conforming loan limit is now $417,000... minimum of 5% down payment requirement with PMI.
Remember, PMI is tax deductible* * Consult your tax advisor.
Adjustable rate and fixed rate mortgages with Interest Only Options.
With the amount of inventory in the Arizona market, there is literally no reason YOU should not be a homeowner!
Click here to get started today.
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 4% | 4.251% | 0% |
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JUMBO (OVER $417,000 LOAN AMOUNT) PRODUCTS
Any loan over the conventional loan limit of $417,000 is automatically considered a Jumbo loan.
NEW** Ask about an alternative option to Jumbo up to 1million with no PMI!
Fixed and adjustable rates available.
Creative financing to avoid PMI or to reduce 1st mortgage below $417,000 to qualify within the conforming loan limit.
Click here to get started today!
Term: 30 years
Maximum Amount: $5,000,000
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| Rates | APR | Points |
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| 4.75% | 5.012% | 0% |
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FHA (Purchase or Refinance)
FHA loans allow for lower credit score as well as only requiring a 3.5% down payment! The down payment can be gifted from a blood relative and the closing costs can be paid by the seller!
The FHA loan limit currently in Maricopa county is $346,250 -this makes this loan a viable option for all borrowers!
Click here to get started today!
Term: 30 years
Maximum Amount: $346,250
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| Rates | APR | Points |
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| 4% | 4.251% | 0% |
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INVESTMENT HOME PRODUCTS
Thinking of an investment property? With over 50,000 listings in MLS- now is the time!!
Fixed and adjustable rates available.
Homepath financing also available. With Homepath an investor can purchase a property with 10% down, no private mortgage insurance and no appraisal! GREAT for fixer up properties! Find Homepath properties by visiting Homepath website.
Click here to get started today!
Term: 30 years
Maximum Amount: $417,000
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| Rates | APR | Points |
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| 4.75% | 5.012% | 0% |
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2ND MORTGAGE / LINE OF CREDIT PRODUCTS
Home Equity Lines of Credit (HELOC) and fixed rate 2nd mortgages.
Simple and quick to acquire!
Click here to get started today!
Term: 15 years
Maximum Amount: $500,000
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| 2nd mortgages are available as fixed loans or lines of credit. |
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REVERSE MORTGAGES
A Reverse mortgage allows borrowers over the age of 62 to use their equity in their home to their advantage. If the property is free and clear they can get payments paid BACK to them on a monthly basis to assist in supplementing their monthly income. If the property has a mortgage, they can use the reverse to payoff the existing mortgage and no longer be burdened with monthly mortgage payments.
No income, asset or employment verification.
Borrower retains full ownership in the home and the proceeds are tax free (consult your tax accountant)
Monies can be received in either payoff of an existing loan, monthly installments back to the borrower, one lump sum or a line of credit.
The loan is tremendously flexible and provides a sense of peace and relief to a fixed income individual.
Click here to get started today!
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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 $12,340. 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 $417,001 with closing costs of $12,340. Your actual APR may be different depending upon these factors.
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