Rate Assumptions
Not all loan types are available in every state.
All rate availability will depend upon an individual’s credit score and details of the loan transaction. First-time homebuyers may not qualify for a jumbo product. The interest rates presented are subject to change at any time and cannot be guaranteed until locked in by your Loan Officer.
All rates assume an owner-occupied primary residence not including manufactured homes, and are calculated using a default credit score of 780.
The loan rates and APR calculations also assume certain additional facts according to the type of loan described.
Fixed-Rate Purchase Loan Assumptions:
In addition to assumptions above, current advertised rates for fixed rate purchase loans assume a 30-day lock period, no down payment and a $766,550 loan amount.
Streamline (IRRRL) Loan Assumptions:
In addition to assumptions above, current advertised rates for IRRRLs assume a 30-day lock period.
Cash-out Loan Assumptions:
In addition to assumptions above, current advertised rates for Cash-out loans assume a 30-day lock period and a loan-to-value ratio lower than 90%.
Jumbo Loan Assumptions:
In addition to assumptions above, current advertised rates for Jumbo purchase loans assume a 30-day lock period and a 30-day lock period for Jumbo IRRRLs and cash-outs as well as a loan amount of $850,000.
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