Annual Percentage Rate (APR) calculations assume single-family, detached, owner-occupied primary residence; a loan-to-value ratio of 80% or less; a minimum FICO score of 740; and a loan amount of $350,000 for conforming loans or $650,000 for jumbo loans, unless otherwise specified.  Annual Percentage Rate (APR) calculations assume no subordinate financing and that the borrower will provide full income documentation. 
    Available first mortgage rates and fees may vary depending on credit scoring and loan-to-value.
Monthly Payment per $1,000 and Monthly Payment calculations include principal and interest ONLY. PMI (Private Mortgage Insurance), hazard insurance, property taxes, state taxes, mortgage taxes, homeowner's association dues, and any other recurring costs are not included.  Rates may change daily, and without notice.  The rates quoted are based on borrower's good credit scores, proper verification of income, assets and reserves.  Rates can be affected by lower than average credit scores and / or if the borrower requires a stated income loan as an alternative to providing proper supporting income and asset documentaiton.    
    Rates may be higher for loan amounts under $300,000 and over $417,000. Please call for details. Rates are subject to change without notice.  All quotes are subject to a one percent origination fee.  We have no points and no fee options available!!!  Closing Costs assume 30 days prepaid interest and that a borrower will escrow monthly property tax and insurance payments. Restrictions may apply. 
    Subject to underwriter approval; not all applicants will be approved. Fees and charges apply. Taxes and insurance are extra. 
    On refinance transactions, the Annual Percentage Rate (APR) calculations assume a rate and term refinance. In a refinance transaction, we do not pay any reconveyance fees that are charged by the borrowers existing lender for the reconveyance of the deed of trust. This includes but is not limited to reconveyance, demand and recording fees.

Please Note:

Rates are subject to increase if product is an ARM.

A fixed rate mortgage loan has an interest rate that remains constant throughout the life of the loan, so that the amount paid each month for the principle and interest would remain the same over the entire mortgage term, typically 15, 20, or 30 years.

Reg Z Disclaimer:

"Information contained herein is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by Section 226.2 or Regulations Z".

Equal Housing Statement:  We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.  We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, family status, or national origin.

This is not a commitment to lend money.  Buyer and subject property must qualify.  Program guidlines are subject to change without notice.

To make an informed decision about a mortgage offer, you need to know:

Annual Percentage Rate and Costs:  What is the Annual Percentate Rate ("APR")?  The APR is the total cost of the credit expressed as a yearly interest rate.  It includes all costs of the credit such as points and processing fees.

Monthly Payment:  What will the monthly payment be for every month of the loan, and could it increase?  When could it increase?  What would your new payment be?  Could your monthly payment increase more than once?

Escrow Account:  Does the monthly payment include an escrow amount to pay for your property taxes and  insurance?  Or must you pay these costs on your own?  If you have to pay on your own, make sure you budget accordingly.

Loan Terms?  What is the term of the loan (example: 15 years? 30 Years?)?  How many payments will you have to make?  Would the loan be paid off at the end or would you still owe a "balloon" payment?

Prepayment Penalty:  Will you have to pay prepayment penalties to refinance if you pay off the loan early?  If so, how much, and when would they apply?  If the loan has an introductory or teaser rate, can you refinance, without penalties, before the rate resets and your payment increases?

Remember, ask questions and understand what you are obligating yourself to.

101 Best Lenders, LLC

MB-0909271