Mortgage Rates

1st Mortgage

These rates are effective as of June 4, 2013.

Type Term Maximum Amount Rates Points APR
1st Time Homebuyer Conventional Fixed Rate 30 years $204,432 3.75% 1.00% Discount Fee 3.854%
1st Time Homebuyer Government Fixed Rate 30 years $204,432 3.50% 0.0% Discount Fee 4.508%
1st Time Homebuyer Government Fixed Rate Plus 30 years $204,432 4.00% 0.0% Discount Fee 5.054%
Conventional 30 Year Fixed 30 years $417,000 4.25% 0.0% 4.374%
Conventional 20 Year Fixed 20 years $417,000 4.25% 0.0% 5.104%
Conventional 15 Year Fixed 15 years $417,000 3.375% 0.0% 3.588%
Conventional 10 Year Fixed 10 years $417,000 3.375% 0.0% 3.683%
FHA Loans 30 years $271,050 3.50% 0.0% 5.104%
VA Loans 30 years $417,000 3.50% 0.0% 3.757%

Home Equity / 2nd Mortgage

These rates are effective as of June 4, 2013.

Type of Loan Terms A Rate APR B Rate APR C Rate APR D Rate APR E Rate APR
730+ 680-729 640-679 600-639 599-Below
APR APR APR APR APR
Variable/Line of Credit* Rates May Change Quarterly Wall Street Prime plus 0.0% Wall Street Prime plus 0.5% Wall Street Prime plus 1.5% Wall Street Prime plus 3.5% Wall Street Prime plus 6%
Fixed* 1 - 5 years 4.45% 4.95% 5.95% 7.95% 10.45%
6 - 10 years 5.45% 5.95% 6.95% 8.95% 11.45%
11 - 15 years 5.95% 6.45% 7.45% 9.45% 11.95%
Balloon*            
Up to 15 yr amortization 5 years 4.99% 5.49% 6.49% 8.49% 10.99%
Up to 20 yr amortization 5 years 4.99% 5.49% 6.49% 8.49% 10.99%
Up to 30 yr amortization 5 years 6.000% 6.5% 7.5% 9.5% 12%
*Interest rates increase 1% if LTV is greater than 90% based on the appraisal of the property.

Land / Lot

These rates are effective as of June 4, 2013.

Type of Loan Terms A Rate APR B Rate APR C Rate APR D Rate APR E Rate APR
730+ 680-729 640-679 600-639 599-Below
Rate APR Rate APR Rate APR Rate APR Rate APR
  5 years 7.50% 7.946% 8% 8.448% 9% 9.452% 11% 11.461% 13.5% 13.973%
  10 years 7.75% 7.992% 8.25% 8.494% 9.25% 9.499% 11.25% 11.509% 13.75% 14.022%
  15 years 8.00% 8.175% 8.5% 8.678% 9.5% 9.683% 11.5% 11.695% 14% 14.210%
The APR calculation is based on a $100,000 loan amount for a fixed loan with a .5% origination and the maximum term allowable. This is assuming 20% down or a 80% loan-to-value with no PMI insurance.

Construction

These rates are effective as of June 4, 2013.

Type of Loan Terms A Rate APR B Rate APR C Rate APR D Rate APR E Rate APR
730+ 680-729 640-679 600-639 599-Below
Rate APR Rate APR Rate APR Rate APR Rate APR
  6 Months 7.50% 10.340% 8% 10.845% 9% 11.852% 11% 13.867% 13.5% 16.387%
The APR calculation is based on a $100,000 loan amount for a fixed loan with a .5% origination and the maximum term allowable. This is assuming 20% down or a 80% loan-to-value with no PMI insurance.