Our portfolio true jumbo mortgage rates continue to hold steady this week in Mercer County, NJ at historic lows. Now is truyly the time to lock into a fixed rate mortgage, or even consider taking advantage of our our low 15 year financing terms!
Despite the 2009 conforming loan limit remaining at $417,000 in Mercer County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances in this increasingly illiquid secondary market. We have made some minor adjustments to our jumbo financing proigram which has ensured that we will have this program available for some time.
Mercer County is one of the few Counties in NJ where the conforming loan limit remains at $417,000. That has not stopped us from offering extraordinary pricing for Jumbo Loans in Mercer County, often more competitive than the Fannie Mae High Balance Loan Programs.
Currently we have the following Jumbo Rates with 0 points as of business close on 1/16/08:
10/1 ARM Call Michael Byrne for customized quotes
10/1 I/O ARM
30 Year Fixed
15 Year Fixed Call Michael Byrne for customized quotes(as low as 5% with no points, 5.05% apr)
5/1 ARM
Typical minimum FICO scores of 680/700 Full Doc loans only. Subject to verification of post closing assets and full underwriting.*
With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.
We also offer competitive pricing on FHA, VA and Conventional Loans in Mercer County, NJ.
We also have other Jumbo available in Mercer County, including our bi-weekly equity builder loan program, which allows for 90% purchase money financing and rate/term refinancing up to $650,000. Call for details on these ever-changing products.
Michael Byrne
908 531 6170 Cell
www.refi-fhasecure.com
www.mortgageprosforum.com
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on 30 Year fixed rate loans: add a ..25% for fixed rates over 750k
Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2008 Gateway Funding Diversified Mortgage Services, L.P.
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