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Mortgage rate chart | FHA VA streamline, home loans
D.C. - Maryland - Virginia - Delaware
- FHA Jumbo
- Fannie/Freddie Jumbo
- FHA financing
- 30 year fixed rates
- ARM
- 105%/125% DU Refi Plus, Relief Refinance
- USDA 100%
- VA financing
| Lender | Rate | Points | Lender Fees | Apr |
| FHA jumbo fixed | ||||
| Choice Finance® | 4.875% | 1 point | $570 | 5.630% | Choice Finance® | 5.000% | 0 points | $570 | 5.652% | Choice Finance® | 60 day lock | 5.000% | 0 points | $570 | 5.654% |
| Wells Fargo | 60 day lock | 5.125% | 1 point | apr page | 5.794% |
| FHA jumbo 5 year ARM | ||||
| Choice Finance® | 4.375% | 1 point | $570 | 4.133% |
| Choice Finance® | 60 day lock | 4.500% | 1 point | $570 | 4.259% |
With a FHA streamline refinance, your costs are reduced and we aim to have you come to settlement with the equivalent of ONE month's payment. You can still choose to streamline with another option, contact us for further details.
Some counties that have higher priced homes allow up to $729,750 FHA loan amounts in 2009. In Maryland the counties are: Montgomery, Frederick, P.G, Calvert, and Charles. Northern Virginia includes Fairfax, Alexandria, Arlington, Prince William, Loudoun, and Stafford. FHA jumbo limits
| Lender | Rate | Points | Lender Fees | Apr |
| Fixed | Choice Finance® | 4.875% | 1 point | $570 | 5.070% |
| Choice Finance® | 5.125% | 0 points | $570 | 5.255% |
| Prosperity Mortgage (*02/05) | 5.750% | 1 point | apr page | 5.913% |
| Wells Fargo | 5.000% | 1 point | apr page | 5.138% |
| 5 year arm | ||||
| Choice Finance® | 60 day lock | 3.875% | 1 point | $570 | 3.882% |
| Choice Finance® | 60 day lock | 4.000% | .500 points | $570 | 4.002% |
Choice Finance® Interest only | 60 day lock |
3.875% | 1 point | $570 | 3.854% |
| Wells Fargo | 60 day lock | 4.250% | 1 point | apr page | 3.652% |
| Prosperity Mortgage (*02/05) | 60 day lock | 5.000% | 1 point | apr page | 5.711% |
Higher rates may apply for LTV above 70% and less than 720 credit scores.
Fannie Mae calls these 'Jumbo Conforming' loans, and Freddie Mac refers to them as 'Super Conforming'. Check for the maximum mortgage limits in your county. Some counties that have higher priced homes allow up to $729,750 loan amounts.
Jumbo limits by County in all 50 states- next to "Limit Type:", select 'Fannie/Freddie'
| Lender | Rate | Points In $ | Lender Fees | Apr |
| FHA fixed | ||||
| Choice Finance® | 4.750% | $2250 | $570 | 5.455% |
| Choice Finance® | 4.875% | $300 | $570 | 5.559% | Choice Finance® | 5.000% | $0 | $570 | 5.656% |
| Choice Finance® streamline | 5.000% | $0 | $570 | 5.654% |
| Choice Finance® | 60 day lock | 4.750% | $3000 | $570 | 5.468% |
| Prosperity Mortgage (*02/05) | 60 day lock | 5.000% | $3000 | apr page | 5.687% |
| Navy Federal Credit Union | 60 day lock | 4.750% | $6000 | not listed | 5.516% |
| Navy Federal Credit Union | 60 day lock | 4.875% | $3750 | not listed | 5.573% |
| Wells Fargo | 60 day lock | 5.500% | $3000 | apr page | 6.245% |
| Bank of America | 60 day lock | 4.875% | $2625 | $975 | ---% |
| Quicken Loans | 4.750% | $5625 | not listed | ---% |
| SunTrust | 4.750% | $3750 | apr page | 5.318% |
| ditech (*01/28) | 5.125% | $7650 | $1450 | 5.898% |
| FHA 5 year arm | ||||
| Choice Finance® | ---% | $--- | $570 | ---% |
| Wells Fargo | 3.750% | $3000 | apr page | 3.267% |
With the FHA Streamline refinance, your costs are reduced and we aim to have you come to settlement with the equivalent of ONE month's payment. You can still choose to streamline with another option, contact us for further details.
Choice Finance® is an approved FHA lender with HUD. Above rates apply to FHA single family standard mortgage limits. See FHA loan limits per zip code
| Lender | Rate | Points In $ | Lender Fees | Apr |
| Choice Finance® | 4.750% | $2450 | $570 | 4.902% |
| Choice Finance® | 4.875% | $0 | $570 | 5.025% |
| Choice Finance® | 60 day lock | 4.750% | $3000 | $570 | 4.913% |
| Navy Federal Credit Union | 60 day lock | 4.750% | $6000 | not listed | 4.926% |
| Navy Federal Credit Union | 60 day lock | 4.875% | $3750 | not listed | 4.985% |
| Lafayette Federal Credit Union | 60 day lock | 5.000% | $6750 | $800 | 5.228% |
| Lafayette Federal Credit Union | 60 day lock | 5.125% | $4500 | $800 | 5.286% |
| Prosperity Mortgage (*02/05) | 60 day lock | 4.875% | $3000 | apr page | 5.052% |
| Wells Fargo | 60 day lock | 4.875% | $3000 | apr page | 5.065% |
| Bank of America | 60 day lock | 5.000% | $2625 | $975 | 5.115% |
| Quicken Loans | 4.750% | $5250 | not listed | 4.952% |
| Citimortgage | 5.000% | $1500 | $1040 | 5.259% |
| SunTrust Mortgage | 4.875% | $3750 | apr page | 5.018% |
| ditech (*01/28) | 5.000% | $3825 | $1450 | 5.154% |
Above fixed rates apply to single family standard conforming mortgage limits. Above 30 day pricing can be locked once we have your loan approved. If you lock for 60 days instead of 30, we can lock your rate prior to full approval.
| Lender | Rate | Points | Lender Fees | Apr |
| 5 year conforming | ||||
| Choice Finance® | 3.625% | 1 point | $570 | 4.007% |
| Choice Finance® | 4.000% | 0 points | $570 | 4.221% |
| Prosperity Mortgage (*02/05) | 60 day lock | 3.875% | 1 point | apr page | 4.153% |
| Navy Federal Credit Union | 60 day lock | 4.875% | 1.250 points | not listed | 4.220% |
| SunTrust Mortgage | 3.375% | 1.125 points | apr page | 3.317% |
| Bank of America | 60 day lock | 3.875% | 1 point | $975 | 3.512% |
| Wells Fargo | 60 day lock | 3.875% | 1 point | apr page | 3.564% |
| 5 year jumbo | ||||
| Choice Finance® | 60 day lock | 4.000% | 1 point | $570 | 3.608% |
| Choice Finance® | 60 day lock | 4.250% | 0 points | $570 | 3.650% |
| Navy Federal Credit Union | 60 day lock | 5.375% | 1.250 points | not listed | 4.142% |
| Wells Fargo | 60 day lock | 5.000% | 1 point | apr page | 3.930% |
| ditech (*01/28) | 4.250% | 1.400 points | $1450 | 3.657% |
| 5 year Interest Only | ||||
| Choice Finance® | 60 day lock | 4.250% | 1 point | $570 | 3.790% |
| Choice Finance® | 60 day lock | 4.500% | 0 points | $570 | 3.831% |
| Lafayette Federal Credit Union | 60 day lock | 4.750% | 1 point | $800 | 5.453% |
| Choice Finance® jumbo | 60 day lock | 4.375% | 1 point | $570 | 3.901% |
| Choice Finance® jumbo | 60 day lock | 4.625% | 0 points | $570 | 3.931% |
| 7 year arm | ||||
| Choice Finance® conforming | 60 day lock | 4.750% | 0 points | $570 | 4.377% |
| Choice Finance® jumbo | 60 day lock | 4.750% | 0 points | $570 | 4.267% |
| 10 year jumbo | ||||
| Choice Finance® | 60 day lock | 5.375% | 0 points | $570 | 5.506% |
| Lender | Rate | Points | Lender Fees | Apr |
| 105% conforming | Choice Finance® 30 year fixed | 60 day lock | 5.250% | 1 point | $570 | 5.431% | Choice Finance® 30 year fixed | 60 day lock | 5.375% | 0 points | $570 | 5.622% |
| 105% conforming plus | ||||
| Choice Finance® 30 year fixed | 60 day lock | 5.375% | 1 point | $570 | 5.682% |
| Choice Finance® 30 year fixed | 60 day lock | ---% | ---points | $570 | ---% |
| 125% conforming | ||||
| Choice Finance® 30 year fixed | 60 day lock | 5.375% | 1 point | $570 | 5.689% |
DU Refi Plus and FHLMC Relief Refinance
Is your loan balance more than the value of your home? Go to MakingHomeAffordable.gov for more information and the basics to see if you qualify. Also verify if your current loan is serviced by Fannie Mae or Freddie Mac.
| Lender | Rate | Points in $ | Lender Fees | Apr | Choice Finance® 30 year fixed | 60 day lock | 5.000% | $3000 | $570 | 5.551% | Choice Finance® 30 year fixed | 60 day lock | 5.250% | $0 | $570 | 5.865% |
| --- | --- | --- | --- | --- |
The Guaranteed Rural Housing GRH program allows for 100% financing in certain designated areas. Give us the address or the area you would like to buy or refinance, and we'll tell you if it's eligible. There are income limits with this program. USDA financing can be used for much of Maryland, Virginia, and all 3 Delaware counties.
| Lender | Rate | Points in $ | Fees | Apr |
| VA 30 year fixed | ||||
| Choice Finance® | 4.750% | $2250 | $570 | 5.027% |
| Choice Finance® | 4.875% | $750 | $570 | 5.144% |
| Choice Finance® | 5.000% | $0 | $570 | 5.262% |
| Choice Finance® VA streamline | 5.000% | $0 | $570 | 5.261% |
| Choice Finance® | 60 day lock | 4.750% | $3000 | $570 | 5.032% |
| Navy Federal Credit Union | 60 day lock | 4.875% | $3750 | not listed | 5.166% |
| Choice Finance® VA jumbo | 60 day lock | 4.875% | 1 point | $570 | 5.432% |
| Choice Finance® VA jumbo | 60 day lock | 5.125% | 0 points | $570 | 5.577% |
| VA 5 year arm | ||||
| Choice Finance® | 60 day lock | 4.375% | $3000 | $570 | 4.072% |
| Choice Finance® | % | $570 | % | |
Use your VA eligibility to finance 100% of your home purchase. Let us show you how to also work in a credit for closing costs so you literally come to settlement with $0. With the VA Streamline refinance, your costs are reduced and we aim to have you come to settlement with the equivalent of ONE month's payment. You can still choose to streamline with another option, contact us for further details.
Choice Finance® is an approved lender with HUD. Above rates apply to FHA and VA single family standard mortgage limits. VA loan limits per zip code
Above rates updated Monday, February 8th, 1:30pm
**If a lender has not posted current pricing, (*xx/xx) will show last update. We tried to find 'Fees' for each lender, when not found we placed a link to their 'apr page'. If we couldn't find that, you'll see 'not listed'.
02/08, 10:30am-- the 10 year yield is holding this morning.. look for similar pricing today.
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Due to the new HERA and TIL laws, above 30 day pricing can be locked once we have your loan approved. If you lock for 60 days instead of 30, we can lock your rate prior to full approval. If you are refinancing or buying a home, get with your Loan Officer asap and take an application and forward your income & asset documents. Interest rates remain volatile and it is smart to position yourself to lock-in your rate.
Choice Finance® is committed to providing you the lowest rates and lowest costs.
We welcome you to verify:
Quicken Loans, Bank of America, Wells Fargo, SunTrust, ditech, Citimortgage,
Navy Federal Credit Union, Prosperity Mortgage (Long & Foster), Lafayette Federal Credit Union
APR displayed for other lenders above is the apr provided by that lender. We did not do the calculation. APR is important, and helps you base your decision on the total fees charged for any given rate. This chart gives you the tools to do this so you may compare apples to apples. Lenders' pricing above may be for a longer lock period of 45 or 60 days, if they did not provide 30.
Loan must close within lock period and be approved first if locked 30 days. 60 day locks are available. Choice Finance® quotes are based on a conforming loan amount of $300,000 and Jumbo amount of $500,000 for a primary residence home purchase in Maryland with a 30 year term, for borrowers with 740+ excellent credit. Hits to pricing may occur when your credit scores are lower. The 'Points in $' column is the points calculated as actual dollars based on the loan amount. 'Lender Fees' column shows the total lender charges, not including your standard appraisal, title company fees, title insurance, state & county transfer/recordation, subordination, escrow waiver, condo cert/docs, prepaid interest, taxes, or insurance.
Pricing may be affected by Loan to Value ratio and credit scores. Nothing written is a commitment to lend, we are not responsible for any decisions made based on any opinions given. Rate quotes must be confirmed w/Lock Desk. Other lenders' info is deemed reliable and should be independently verified. Rates and programs are subject to change without notice. All locks must meet program guidelines.
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301-881-8900
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