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Mortgages
Rates effective as of July 28, 2010 Click Here to Apply for a Mortgage!
Rates and terms subject to change without notice and may vary based on credit worthiness, loan to value, loan amount, etc., and to the extent valid for Maryland properties to which the loan differs from the one used for this mortgage quote only.
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Term
|
Rate
|
APR
|
Points
|
Monthly Payment
per $1,000 Borrowed
|
|
|
|
|
|
|
|
30 Year
|
4.500%
|
4.545%
|
0
|
5.07
|
|
30 Year
|
4.375%
|
4.441% |
.25 |
4.99 |
|
20 Year
|
4.500%
|
4.562% |
0 |
6.33 |
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20 Year
|
4.375%
|
4.466%
|
.25
|
6.26
|
|
15 Year
|
4.000%
|
4.078% |
0 |
7.40 |
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15 Year
|
3.875%
|
3.990%
|
.25
|
7.33
|
|
|
|
|
|
|
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6.000%
|
6.307%
|
1.50
|
6.00
|
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15 Year Jumbo
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5.750%
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6.010%
|
1.50
|
8.30
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Individual
Lot Loans
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5.875%
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6.010%
|
.50
|
5.92
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30 Year Construction-Perm Loans
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5.875%
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6.067%
|
1.50
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5.92
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Terms:
- Permanent loans: $10,000.00 minimum loan amount - owner occupied;
Purchases – Maximum Loan to Value (LTV) may not exceed 95%.
Refinances – Maximum Loan to Value (LTV) may not exceed 80%.
- Individual lot loans: 7 year balloon with 30 year amortization.
Maximum Loan to Value (LTV) may not exceed 75%.
- Construction Permanent loans:
Maximum Loan to Value (LTV) may not exceed 80%.
One settlement, same rate during construction and permanent.
- Jumbo Loans: Loan Amounts over $417,000.00
Maximum Loan to Value (LTV) may not exceed 80%
* 30/7 Year Jumbo: 7 year balloon with a 30 year amortization.
Disclaimers:
- Annual Percentage Rate (APR) is calculated with loan balance assumption of $200,000.00 excluding Jumbo Loans.
- Annual Percentage Rate (APR) is calculated with loan balance assumption of $417,000.00 for Jumbo Loans.
- Rates are subject to change.
- Escrow may be required. Escrow not included in cost per $1000 amounts.
- One point equals 1% of amount borrowed.
- Private Mortgage Insurance (PMI) is required on all purchase loans in excess of 80% LTV.
- Flood Insurance may be required.
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