Conventional 30 Year Fixed Rate Home Loan
This type of mortgage is the most common home loan. Your interest rate is fixed so your principal and interest payments will not change throughout the life of your loan. You can use this loan to purchase a home or refinance an existing loan.
If you are in the market to purchase a new home and would like to work with a Highmark "Preferred Realtor", contact us today for a referral.
These rates are effective as of June 4, 2013.
| Term | Maximum Amount | Rate | Points | APR |
|---|---|---|---|---|
| 30 years | $417,000 | 4.25% | 0.0% Discount Fee | 4.374% |
To expedite the processing of your mortgage loan request, please provide us with the following information:
- Completed Loan Application - online/paper
- W2's for the last 2 years
- Most recent paystub(s)
- If self-employed or if you have rental property, include last 2 years of completed tax returns with all schedules
- Most recent 2 months bank statements for all listed in the assets section of your application
If you are refinancing an existing loan, please include the following documentation:
- Mortgage statement reflecting current principal, interest, and escrow payment
- Verification of Homeowner's Insurance
If you are purchasing a home, please include the following documentation:
- Signed purchase agreement with all pages including Realtor's name and phone number, if you have already made an offer on a property.
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 $150,000 with closing costs of $3,000. 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 $500,000 with closing costs of $10,000. Your actual APR may be different depending upon these factors.
