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Sample of Available Loan Programs
(Note: Property must be located in North Carolina)
Conventional Fixed Rates Up to 30 Years
• 95%, 96.5% & 100% Purchase & Refinancing
• Interest Only Bridge Loans
Conventional ARM's
• 1,3,5,& 7 Year Adjustables
Doublewides with Permanent Foundations
• Conventional Loan Rates
FHA Purchase or Refinance (Up to 96.5% of value)
* 15 - 30 Year Fixed Rates
* 3 and 5 Year Variable Rates
Investor Loans
• 1-4 Family Rental Properties
• Up to 80% LTV with Fixed Rates up to 30 Years
100% Purchase Programs
• USDA Rural Housing
• 30 Year Fixed Rate
• No Monthly PMI
Loan Rates Are Based On Credit Scores, Loan To Value, And Other Qualifications. Credit Scores Below 740 May Cause Your Rate To Be Higher For Some Programs. Please Ask Your Loan Officer For Details.
Rates as of
1/31/2012
Loans of $100,000+
(rates for loans below $100,000 may be higher)
All Rates are for owner occupied,
1st or 2nd home purchase or refinance.
| Programs | Rate | Origination Fee | Discount Points | APR |
| 30 Year Fixed Rate | 3.625 | 1.125 | 0 | 3.812 |
| 15 Year Fixed Rate | 3.0 | .625 | 0 | 3.247 |
| 20 Year Fixed Rate | 3.625 | 1.0 | 0 | 3.887 |
| 10 Year Fixed Rate | 2.875 | 1.125 | 0 | 3.339 |
| 30 Year Fixed Rate NO CLOSING COSTS( prepaids only) | 4.375 | 0 | 0 | 4.375 |
| 100% LTV 30yr. Fixed Rate Rural Housing Income and Property restrictons apply | 3.75 | .5credit | 0 | 4.391 |
| Up to 96.5% LTV FHA 30 Year Fixed Rate | 3.5 | .75 | 0 | 4.412 |
| 3/1 ARM - CALL FOR RATES | | | | |
| 5/1 ARM - CALL FOR RATES | | | | |
| 7/1 ARM - CALL FOR RATES | | | | |
| 30 Year Fixed Rate Jumbo Loan ($417,001-$1,000,000) | 4.0 | 1.0 | 0 | 4.171 |
| Up to 96.5% LTV FHA 15 Year Fixed Rate | 2.75 | .0 | 0 | 3.336 |
| 30 yr. Fixed Rate 95% LTV (NO MONTHLY PMI!!) ** | 4.375 | 1.0 | 0 | 4.550 |
| 30 yr. Fixed Rate 90% LTV (NO MONTHLY PMI!!) ** | 4.0 | 1.125 | 0 | 4.182 |
TODAY'S RATES-- IMPORTANT DISCLOSURES .
Information displayed is accurate as of the date and time of the latest update and is subject to change without notice. Loan pricing can only be locked through Davidson Mortgage Loan Officer.
This is not an advertisement for credit as defined by paragraph 226.24 of Regulation Z. * The displayed Annual Percentage Rates (APR) reflect the interest rates, points and origination fees, and other prepaid finance charges for the loan products shown, but may not include other closing costs.
* For loans with less than 20% downpayment borrower paid mortgage insurance may apply. (PMI) This could increase the APR.
** No monthly MI loans have a minimum credit score requirement of 720. Loans with scores above 740 may have better pricing.
*** Rates are based on 45 day locks with extended rate locks available. Call for rates on other programs. SOME PROGRAMS MAY HAVE HIGHER RATES FOR BORROWERS WITH CREDIT SCORES BELOW 740 AND LOAN-TO-VALUE > 75%. Please check with your Loan Officer.
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