First Mortgage Loans

• Purchase or refinance
• Primary Residence, Second Home, or Investment Property
• Conventional or FHA
• Flexible Loan terms
• Financing up to 96.5% of contract price for purchase or 97.75% for rate/term refinance, depending on occupancy status
• Financing up to 80% – 85% of appraised value for cash out refinances
• Competitive fixed rates – multiple options for points and closing fees
• Pre-approval to help determine loan amounts, payments, closing costs

For an FHA purchase loan, assuming 96.5% LTV, loan amount $100,000, and 30 year fixed rate at 5.00%, the APR is 5.710%, and the monthly payment for Principle and Interest would be $548.90 plus $45.53 for Mortgage Insurance.

For a conventional purchase loan, assuming 95% LTV, loan amount $100,000, and 30 year fixed rate at 5.00%, the APR is 5.613%, and the monthly payment for Principle and Interest would be $536.82 plus $66.22 for Private Mortgage Insurance.