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 & 10 Year Adjustables
    with Interest Only Options


Construction / Permanent Loans

  • Single closing with Permanent loan rate locks


Doublewides with Permanent Foundations

  • Conventional Loan Rates

 

  

Lots or Small Tracts of Land

  • Fixed Rates up to 15 years
  • 80% LTV


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 3/10/2010*
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       4.750       1.0       0       4.937      
15 Year Fixed Rate       4.250       .50       0       4.550      
20 Year Fixed Rate       4.750       .75       0       4.973      
10 Year Fixed Rate       4.250       0       0       4.485      
30 Year Fixed Rate NO CLOSING COSTS( prepaids only)       5.250       0       0       5.250      
100% LTV 30yr. Fixed Rate Rural Housing(Income and property restrictions apply)       5.000       .50       0       5.320      
Up to 96.5% LTV FHA 30 Year Fixed Rate       4.750       1.0       0       5.427      
3/1 ARM       3.500       1.0       0       3.600      
5/1 ARM       3.375       1.0       0       3.468      
15 Year Fixed Rate Jumbo Loan (Loans over $600,000 add 1/4%)       5.250       .50       0       5.676      
30/15 Year Balloon Jumbo Loan (Loans over $600,000 add 1/4%)       5.500       .50       0       5.558      
30 year Fixed Rate Construction Loan with Permanent Rate Lock       5.375       1.0       .75       5.610      

 
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.

** Rates are based on 30 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. Please check with your Loan Officer.