Guardian Mortgage Company, Inc. Rates for 1/11/11

The following are our current Conventional & Government rates as of today

for a single family, primary residence home on the 30-day Locks.  This assumes the

borrower has at least 5% equity for a rate & term refi or is making a 5% down payment

for a purchase and have credit scores greater than 740.  Please note that I can honor these

rates until the end of the following business day.  Also, you or your clients particular

situation may be different than the rates quoted here.  Please contact me for a specific rate

quote as this update is meant to cover a wide audience.

Conventional Loans:  

30 yr Fixed           

4.750 with 0.000 discount points

4.625 with 0.625 discount points

4.500 with 1.500 discount points                

20yr Fixed           

4.625 with 0.000 discount points

4.500 with 0.500 discount points

4.375 with 1.125 discount points 

15yr Fixed           

4.125 with 0.000 discount points

4.000 with 0.250 discount points

3.875 with 0.875 discount points     

10yr Fixed           

3.750 with 0.000 discount points

3.625 with 0.500 discount points

3.500 with 1.125 discount points    

Conventional ARMs:

5/1 Libor ARM (5/2/5 Caps)

4.125% with 0.000 discount points

4.000% with 0.125 discount points

3.875% with 0.500 discount points

7/1 Libor ARM (5/2/5 Caps)

4.250% with 0.000 discount points     

4.125% with 0.125 discount points

4.000% with 0.500 discount points

These ARM rates assume a 10% equity level.  Also, mortgage Insurance is only required for loans with a loan to value greater than 80% unless a 2nd lien is used in conjunction with a 1st.  Also, please note that higher rates may apply to home equity refinances or when a non purchase money 2nd lien is combined with a 1st.  The minimum credit score required to be eligible for MI is 660. 

FHA/VA (Government Loans):  

30yr Fixed            

5.000 with 0.125 discount points

4.875 with 0.750 discount points

4.750 with 1.625 discount points     

20yr Fixed           

4.875 with 0.000 discount points    

4.750 with 0.625 discount points  

4.625 with 1.250 discount points      

15yr Fixed              

4.500 with 0.000 discount points

4.375 with 0.250 discount points

4.250 with 0.875 discount points    

Conforming Single Unit Investment Property Rates (30yr Fixed)

20% Down           

5.125 with 1.000 discount points           

25% Down           

4.875 with 1.000 discount points

This information is provided to individuals & industry professionals already in contact with Guardian Mortgage Company concerning financing and is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z.