UPLOAD A DOCUMENT  
CLIENT LOGIN  

LEARN

$

5%

1%

5%

$
$

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

WHAT GOES INTO MY MORTGAGE RATE?

A mortgage rate is the interest you pay on your home loan. Your monthly mortgage payment includes the interest owed on the loan, plus a portion of the remaining principal balance. A lower rate means lower monthly payments. Even as little as a 1% difference in rates, can save you a significant amount of money. We know finding the perfect mortgage can be confusing. Please feel free to give us a call and one of our dedicated team members will be happy to answer any questions you might have.
When the economy is strong, rates often go up. During a weak economy, rates go down. Lenders also analyze economic data to try to forecast potential economic growth and slow down, and set rates accordingly.
Economies become volatile during a crisis and other events taking place domestically or internationally. This impacts investor confidence and cause interest rates to change.
To keep inflation in check, the Federal Reserve controls the amount of money flowing through the economy by raising and lowering interest rates, and inserting more cash when necessary by buying Treasury bonds. This, in turn, lowers interest rates and promotes economic activity.
The rate you’ll be offered is dependent on the factors above, as well as your financial situation. This includes your credit score, loan amount and term, area of your home purchase, and down payment. All of these factors go into determining your mortgage rate.

LOAN PROGRAMS

Conventional Loans

  • Loan amounts up to $548,250 (2021)
  • Fixed or adjustable rates
  • Down payment as low as 5% for primary home
  • Primary, second, and investment property options

Jumbo Loans

  • Loan amounts up to $5,000,000
  • Fixed or adjustable rates
  • Primary, second, and investment property options

HomeOne

  • Available to qualified first-time homebuyers
  • 3% down payment
  • For primary, single-family residences only

VA Loans

  • Competitive interest rates that are routinely lower than conventional loans
  • Down payment as low as 0%
  • Higher allowable debt-to-income ratio than other loan types
  • Sellers can pay up to 6% of closing costs and other concessions

Rental Property Loans

  • Conventional loans for a property you plan to rent or sell, but not reside in.
  • 15% to 25% down payment required, depending on the property type
  • Higher credit score minimums required than for government-backed loan programs

New Constructions Loans

  • Loans taken out by homebuyers who are custom-building their own home
  • Short-term loans, usually for a period of only one year.
  • After construction is complete, the borrower can either refinance the construction loan into a permanent mortgage or obtain a new loan to pay off the construction loan
  • Can be taken out to finance rehabilitation and restoration projects, as well as to build a new home