Happy Sunday ARC!
I just realized our rates on loans $417,001 to $625,500 (super conforming - high balance areas) combined with my purchase special can offer your clients a huge credit towards their closing costs.
Loans above $417,000 and below$625,500
3.75% 30 Year Fixed with lender credit of 1.75% of the sales price
3.25% 15 Year Fixed with lender credit of 1.875% of the sales price
Example: $800,000 purchase, $625,500 loan amount, 3.75% 30 year fixed, with $10,946.25 lender credit
Example 2: $800,000 purchase,$625,500 loan amount, 3.25% 15 year fixed, with $11,728.12 lender credit
*Not sure how long the purchase special will last. Special only is valid on fixed products.
*We offer the 80-10-10 product (10% downno PMI) so you can keep your first at $625,500 and bring the rest out (up to 90% CLTV) on a line of credit or fixed 2nd.
Loans above $625,500 to 3+ million
30 Year Fixed 4.375% no points
15 Year Fixed 3.75% no points
10 Year Arm 3.625% no points
7 Year Arm 3.375% no points
5 Year Arm 3.000% no points
*20% Down to 1.5 million, 25% down above
*Primary Residence and Second Home
*Condo and COOP included
*Rates, products, purchase incentive are subject to change at any time.
Happy hunting!
Brad
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