Fixed Rate means your rate is the same throughout the term of the loan
ARM rate is fixed during the introductory period after which they can adjust yearly.
Actual payments will vary based on your individual situation and current rates.
Some products may not be available in all states.
Lending services may not be available in all areas.
Some restrictions may apply.
Streamlines are only available for FHA to FHA refinancing.
Some Streamlines may require an appraisal
Jumbo loans are available in both FHA and Conventional.
Jumbo loans over $1,000,000 may require 2 appraisals.
USDA Loans are only available as fixed rate, 30 year term.
All loans require minimum qualifications regarding, credit, income and property value.
$975 is a Lender Fee paid to Semper Home Loans. Other third party fees may apply.
If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
For FHA loans payment includes a onetime upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 1.25% of the base loan amount. The 1.25% monthly MIP will be paid until the loan reaches 78% LTV, provided the MIP has been paid for a minimum of 5 years. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan.