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Kevin Orf
Senior Mortgage Consultant
651-492-4392
www.kevinorf.com
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Tuesday February 10th
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Program Description
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Rates
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Type of Loan
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Minimum Down Payment
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Government Loans
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FHA
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5.500%
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30 yr. Fixed Rate
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3.50%
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FHA ARM
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5.250%
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1 yr. ARM
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3.50%
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*** New FHA Loan Limit $365,000 ***
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VA
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5.375%
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30 yr. Fixed Rate
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0.00%
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VA ARM
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5.750%
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3 yr. ARM
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0.00%
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Conventional Loans
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Fixed
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5.000%
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30 yr. Fixed Rate
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5.00%
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Fixed
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4.625%
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15 yr. Fixed Rate
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5.00%
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Interest Only
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6.125%
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30 yr. Fixed Rate
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5.00%
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Adjustable rate
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5.750%
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3 yr. ARM
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5.00%
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Adjustable rate
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6.000%
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5 yr. ARM
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5.00%
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Adjustable rate
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6.250%
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7 yr. ARM
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5.00%
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*** Conventional Loan Limit $417,000 ***
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Zero Down/USDA
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5.500%
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30 yr. Fixed
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0.00%
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Zero Down
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N/A
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5 yr. ARM
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0.00%
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Zero Down
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N/A
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7 yr. ARM
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0.00%
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Other Features
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•· All pricing based on a 30 day lock.
•· Extended lock periods available with one-time float down options. Lock periods up to 180 days.
•· Mandatory credit score adj. not included in these rates.
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This form and the information provided herein are for Realtor use only. Rates and programs are subject to change without notice. Rates do not include closing costs associated with obtaining the loan. All loans must be locked in writing under Minnesota Statutes.
;)
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