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Mortgage rates | FHA VA streamline, home loans
D.C. - Maryland - Virginia - Delaware
- FHA Jumbo
- Fannie/Freddie Jumbo
- FHA financing
- 30 year fixed rates
- 5 & 7 year ARM
- 5 year interest-only ARM
- USDA GRH program
- VA financing
| Lender | Rate | Points | Lender Fees | Apr |
| FHA jumbo fixed | Choice Finance® | 4.875% | 1 point | $545 | 5.608% |
| Choice Finance® | 5.000% | 0 points | $545 | 5.616% |
| Wells Fargo | 5.250% | 1 point | not listed | 5.924% |
| FHA jumbo 5 year arm | ||||
| Choice Finance® | 4.500% | 1 point | $545 | 4.207% |
| Choice Finance® | ---% | 0 costs (refi only) | $545 | ---% |
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
| Lender | Rate | Points | Lender Fees | Apr |
| Fixed | Choice Finance® | 4.750% | 1.25 points | $545 | 4.959% |
| Choice Finance® | 5.000% | 0 points | $545 | 5.127% |
| Prosperity Mortgage (*11/18) | 5.750% | 1 point | not listed | 5.913% |
| Wells Fargo | 5.000% | 1 point | not listed | 5.138% |
| 5 year arm | ||||
| Choice Finance® | 3.750% | 1 point | $545 | 3.541% |
Choice Finance® Interest only |
3.750% | 1 point | $545 | 3.588% |
| Wells Fargo | 4.000% | 1 point | not listed | 3.643% |
| Prosperity Mortgage (*11/18) | 5.000% | 1 point | not listed | 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% | $1200 | $545 | 5.366% | Choice Finance® | 4.875% | $0 | $545 | 5.533% |
| Choice Finance® streamline | 4.875% | $0 | $545 | 5.528% |
| Choice Finance® 60 day lock | 4.750% | $3000 | $545 | 5.435% |
| Prosperity Mortgage 60 day lock (*11/18) | 5.000% | $3000 | not listed | 5.687% |
| Navy Federal Credit Union 60 day lock | 4.625% | $6375 | not listed | 5.398% |
| Navy Federal Credit Union 60 day lock | 4.750% | $3750 | not listed | 5.443% |
| Wells Fargo 60 day lock | 5.000% | $3000 | not listed | 5.717% |
| Bank of America 60 day lock | 5.000% | $2625 | $975 | ---% |
| Quicken Loans | 4.750% | $4875 | not listed | ---% |
| SunTrust | 4.750% | $3750 | not listed | 5.318% |
| ditech (*11/19) | 4.875% | $6150 | $1450 | 5.585% |
| FHA 5 year arm | ||||
| Choice Finance® | ---% | $--- | $545 | ---% |
| Choice Finance® | ---% | $--- | $545 | ---% |
| Wells Fargo | 3.750% | $3000 | not listed | 3.342% |
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® | 4.500% | $3750 | $545 | 4.621% |
| Choice Finance® | 4.625% | $2700 | $545 | 4.724% |
| Choice Finance® | 4.750% | $600 | $545 | 4.828% |
| Choice Finance® 60 day lock | 4.750% | $2250 | $545 | 4.842% |
| Prosperity Mortgage 60 day lock (*11/18) | 4.875% | $3000 | not listed | 5.052% |
| Navy Federal Credit Union 60 day lock | 4.625% | $6375 | not listed | 4.811% |
| Navy Federal Credit Union 60 day lock | 4.750% | $3750 | not listed | 4.859% |
| Wells Fargo 60 day lock | 4.875% | $3000 | not listed | 5.065% |
| Bank of America 60 day lock | 4.875% | $2250 | $975 | 4.962% |
| Quicken Loans | 4.500% | $6000 | not listed | 4.721% |
| Citimortgage | 5.125% | $375 | $1040 | 5.286% |
| SunTrust Mortgage | 4.750% | $4125 | not listed | 4.902% |
| ditech (*11/19) | 4.750% | $4575 | $1450 | 4.924% |
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® | 3.375% | 1 point | $545 | 3.759% |
| Choice Finance® | 3.625% | 0 points | $545 | 3.606% |
| Prosperity Mortgage (*11/18) | 3.750% | 1 point | not listed | 4.172% |
| Navy Federal Credit Union | 4.875% | 1.25 points | not listed | 4.302% |
| SunTrust Mortgage | 3.250% | 1.25 points | not listed | 3.401% |
| Bank of America | 3.750% | 1.125 points | $975 | 3.541% |
| Wells Fargo | 3.750% | 1 point | not listed | 3.601% |
| 5 year jumbo | ||||
| Choice Finance® | 4.125% | 1 point | $545 | 3.764% |
| Choice Finance® | 4.375% | 0 points | $545 | 3.772% |
| Navy Federal Credit Union | 5.250% | 1.250 points | not listed | 4.178% |
| Wells Fargo | 5.000% | 1 point | not listed | 4.012% |
| ditech (*11/19) | 4.250% | 1.400 points | $1450 | 3.692% |
| 7 year arm | ||||
| Choice Finance® conforming | 4.625% | 0 points | $545 | 4.252% |
| Choice Finance® jumbo | 4.625% | 0 points | $545 | 4.142% |
| 10 year jumbo | ||||
| Choice Finance® | 4.875% | 0 points | $545 | 4.968% |
| Lender | Rate | Points | Lender Fees | Apr | Choice Finance® | 4.375% | 1 point | $545 | 3.942% | Choice Finance® | 4.625% | 0 points | $545 | 3.954% |
| Choice Finance® jumbo | 4.375% | 1 point | $545 | 3.919% |
| Choice Finance® jumbo | 4.625% | 0 points | $545 | 3.930% |
This 5 year adjustable rate 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® 30 year fixed | 4.875% | $3600 | $545 | 5.492% | Choice Finance® 30 year fixed | 5.000% | $500 | $545 | 5.619% |
| --- | --- | --- | --- | --- |
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 |
| VA 30 year fixed | ||||
| Choice Finance® | 4.750% | $1900 | $545 | 5.023% |
| Choice Finance® | 4.875% | $0 | $545 | 5.136% |
| Choice Finance® VA streamline | 5.000% | $0 | $545 | 5.259% |
| Choice Finance® 60 days | 4.750% | $3375 | $545 | 5.034% |
| Navy Federal Credit Union 60 days | 4.750% | $3750 | not listed | 5.038% |
| Choice Finance® VA jumbo | 4.875% | 1 point | $545 | 5.413% |
| Choice Finance® VA jumbo | 5.000% | 0 points | $545 | 5.376% |
| VA 5 year arm | ||||
| Choice Finance® | 4.250% | $3000 | $545 | 3.946% |
| Choice Finance® jumbo | 4.375% | 1 point | $545 | 3.671% |
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
Above rates updated Friday, November 20th, 10:45am
If a lender has not posted current pricing, (*date) will show last update, typically Prosperity & ditech
11/20, 9:45am-- the 10 year yield is up sharply after being down this a.m., look for similar to higher pricing today.
*Also follow on Twitter & Facebook for latest rates, industry updates
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 a.s.a.p. 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)
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 excellent credit. Hits to pricing may occur the lower your credit scores are. 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.
See monthly payment principal & interest amounts for above loan amounts. Add estimated taxes, insurance, etc. for estimated total payment.
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