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Mortgage Rate Criteria
Mortgage rates are based on to purchase or refinance-rate&term an
owner-occupied, one-unit, single family dwelling for a loan of
$165,000 to $417,000, Jumbo $417.001 to $1,000,000 that is to be
made to a consumer with average income, a credit guide score of 720+
(650-719 may not affect rate) and no other relationship to the
institution offering the loan. The loan is based on a 20% down
payment, a 30-60 day lock (that begins no later than the approval of
the loan) and 0 to 2 cumulative discount and origination points
(origination points also include a broker's fee that is charged as a
percent of the loan amount). Rates are as of the specified date, but
may change without notice. The rate, terms and pre-paid finance
charges may vary based on a number of factors including, but not
limited to, the creditworthiness of the applicant(s), self
employment status of the applicant(s), condo or townhouse structure,
loan amount and geographic location of the property.
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