Connect Directly with A Home Loan Expert
Live Chat
Click Here To Chat Live
By Email
By PhoneMortgage rates | FHA VA streamline, no cost options
Thursday, July 2nd, 2009 -10:45am-
- FHA Jumbo
- Fannie/Freddie Jumbo
- FHA financing
- 30 year fixed rates
- 5 year ARM
- 5 year interest-only ARM
- USDA GRH program
- VA financing
| Lender | Rate | Points | Lender Fees | Apr | Choice Finance® 30 yr fixed | 5.375% | 1 point | $545 | 5.564% |
| Choice Finance® 30 yr fixed | 5.750% | 0 points | $545 | 5.921% |
| Wells Fargo | 5.875% | 1 point | not listed | 6.581% |
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 limit calculator
Due to heavy volume, above rates can only be locked-in 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 | Choice Finance® 30 yr fixed | 5.250% | 1 point | $545 | 5.455% |
| Choice Finance® 30 yr fixed | 5.500% | 0 points | $545 | 5.740% |
| Wells Fargo 30 yr fixed | 5.375% | 1 point | not listed | 5.516% |
| Choice Finance® 15 yr fixed | 5.000% | 1 point | $545 | 5.240% |
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.
Due to heavy volume, above rates can only be locked-in once we have your loan approved. If you lock for 60 days instead of 30, we can lock your rate prior to full approval.
Jumbo limits by County in all 50 states- next to "Limit Type:", select 'Fannie/Freddie'
| Lender | Rate | Points In $ | Lender Fees | Apr |
| Choice Finance® 5 yr arm | 4.250% | $3000 | $545 | 4.382% |
| Wells Fargo 5 yr arm | 4.500% | $3000 | not listed | 3.790% |
| Choice Finance® fixed | 5.250% | $1500 | $545 | 5.451% | Choice Finance® fixed | 5.375% | $0 | $545 | 5.525% |
| Choice Finance® streamline | 5.500% | $0 | $545 | 5.725% |
| Navy Federal Credit Union | 5.250% | $6000 | not listed | 6.040% |
| Navy Federal Credit Union | 5.500% | $3000 | not listed | 6.199% |
| Quicken Loans | 5.000% | $6000 | not listed | 5.227% |
| Wells Fargo | 5.500% | $3000 | not listed | 6.245% |
| SunTrust | 5.375% | $4125 | not listed | 5.987% |
| ditech | does not offer | -- | -- | -- |
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
Due to heavy volume, above FHA rates can only be locked-in 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 In $ | Lender Fees | Apr | Choice Finance® | 4.990% | $3200 | $545 | 5.235% | Choice Finance® | 5.250% | $1500 | $545 | 5.389% |
| Choice Finance® | 5.375% | $0 | $545 | 5.440% |
| Navy Federal Credit Union | 5.250% | $6000 | not listed | 5.431% |
| Navy Federal Credit Union | 5.375% | $3750 | not listed | 5.488% |
| Quicken Loans | 4.875% | $5625 | not listed | 5.090% |
| ditech | 5.125% | $5175 | $1450 | 5.318% |
| Citimortgage | 5.500% | $375 | $1040 | 5.555% |
| SunTrust Mortgage | 5.375% | $3000 | not listed | 5.501% |
| Bank of America | 5.375% | $3375 | $819 | 5.551% |
| Wells Fargo | 5.250% | $3000 | not listed | 5.444% |
Above fixed rates apply to single family standard conforming mortgage limits.
Due to heavy volume, above rates can only be locked-in 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 |
| Conforming | Conforming | |||
| Choice Finance® | 4.250% | 1 point | $545 | 4.440% |
| Navy Federal Credit Union | 5.125% | 1.250 points | not listed | 4.830% |
| SunTrust Mortgage | 4.125% | 1.25 points | not listed | 4.082% |
| Bank of America | 4.250% | .875 points | $819 | 4.113% |
| Wells Fargo | 4.375% | 1 point | not listed | 4.238% |
| Jumbo | Jumbo | |||
| Choice Finance® | 4.250% | 1 point | $545 | 4.455% |
| Navy Federal Credit Union | 5.500% | 1.25 points | not listed | 4.597% |
| Bank of America | 5.250% | 1 point | $819 | 4.334% |
| Wells Fargo | 4.750% | 1 point | not listed | 4.326% |
| Lender | Rate | Points | Lender Fees | Apr | Choice Finance® | 4.500% | 1 point | $545 | 4.740% |
| Choice Finance® | 4.750% | .25 points | $545 | 4.896% |
| Choice Finance® jumbo | 4.375% | 1.25 points | $545 | 4.541% |
| Choice Finance® jumbo | 4.750% | 0 points | $545 | 4.898% |
This loan gives you the option to pay interest only. You can still make your fully amortized payment that will include principal and interest. This mortgage does not allow for negative amortization.
| Lender | Rate | Points in $ | Lender Fees | Apr | Choice Finance® | 5.250% | $3000 | $545 | 5.452% |
| Choice Finance® | 5.500% | $0 | $545 | 5.921% |
| --- | --- | --- | --- | --- |
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 in, and we'll tell you if it's eligible. There are income limits with this program. USDA financing can be used for all 3 Delaware counties.
| Lender | Rate | Points in $ | Fees | Apr | Choice Finance® 5 yr arm | 4.250% | $3000 | $545 | 4.382% | Choice Finance® fixed | 5.250% | $3000 | $545 | 5.464% |
| Choice Finance® fixed | 5.500% | $0 | $545 | 5.717% |
| Navy Federal Credit Union fixed | 5.500% | $3000 | not listed | 5.778% |
| Choice Finance® jumbo fixed | 5.375% | 1 point | $545 | 5.569% |
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. See VA loan limits per zip code
Due to heavy volume, above VA rates can only be locked-in once we have your loan approved. If you lock for 60 days instead of 30, we can lock your rate prior to full approval.
Thursday, July 2nd, 9:30am est. the 10 year yield is down slightly this morning, and rates should follow after the worse than expected jobs report this morning.
Rates overall are low, and if there's any chance you may refinance, get with your loan officer to 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.
Due to heavy volume, above 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.
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
APR displayed for other lenders above is the apr provided by that lender. We did not do the calculation. Different methods for CALCULATING APR are used by each lender, and as you see the numbers are all over the place. It is most important to 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.
For above pricing, loan must close within 30 days of lock date and in some cases loan must be approved before it can be locked. 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. The 'Points in $' column is based on this loan amount of $300,000 on the conforming quotes. 'Lender Fees' column is what we charge you upfront and does not include appraisal, title company fees, title ins., state & county transfer/recordation, subordination, escrow waiver, condo cert/docs, prepaid interest, taxes, or insurance. See monthly payment. Pricing will 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 lender info is deemed reliable and should be independently verified. Rates and programs are subject to change without notice. All locks must meet program guidelines.
Rate request
Get today's pricing based on you and your property's specifics.
Good faith estimate
Get today's lowest rates and lowest cost mortgage programs to choose from.
Review an accurate Good Faith Estimate prepared specifically for your property.
Get fees
Understand the applicable fees and taxes for your State and County including recordation, transfer, deed stamps, excise, property, etc..
A Choice Finance® Loan Officer will be happy to:
- deliver your rate quote request
-
provide accurate closing costs
-
present you with monthly payment options you qualify for
-
answer any questions you have