JimHungerford.com

Conforming Limits:  1 unit $417,000; 2 unit $533,850; 3 unit $645,300; 4 unit $801950

These rates do not reference a specific loan program, rather, they reflect general market conditions, which are subject to change at any time.

                  TERM                                                                               Range

Conforming 30 Year Fix                                        High 4 – Low 5

Conforming 15 Year Fix                                                 Low 4 – High 4

Conforming 3/1 Arm                                                Low 4’s

Conforming 7/1 Arm                                                      Low 5’s

Non-Conforming 30 Year Fix                            High 5 – Mid 6

Non-Conforming 15 Year Fix                                     Mid 5 – Low 6

Non-Conforming 5/1 Arm                                  Mid 4 – Low 5

FHA 30 year fix                                                              High 4 – Low 5

FHA 5/1 Arm                                                               Low 4 -Mid 4

VA 30 Year Fix                                                              Low 5 – mid 5

Rural Dev 30 year fix                                           Low 5 -  mid 5

THERE ARE NUMEROUS LOAN PRODUCTS AVAILABLE:

 Conforming – Loans designed for primary, second and investment properties. There are restrictions in regards to loan amount (SFR is typically 417,000, but in some areas it may be higher).

 Non-Conforming – . Typical loan amounts above 417,000.00.

 FHA- 30 year amortized loan. 3.5% down required by the borrower (can be gifted by an acceptable source).

 VA- Guaranteed by the federal government based on the amount of entitlement to the veteran in conjunction with the loan amount.

 Rural Housing- Must be in rural housing area. 100% financing based on appraised value. Adjustable household income cannot exceed the maximum allowable income limits.

 All-in-One Construction – one time close for both conforming and non-conforming.

Other products available

ANY QUESTIONS REGARDING THIS INFORMATION PLEASE CONTACT:

Jim Hungerford at 971-226-8403