Interest Rate Assumptions

Interest rates and Annual Percentage Rates (APRs) are subject to change at any time and without notice due to changes in the mortgage market. APRs may also adjust according to credit and property approval based on secondary market guidelines. The rates shown are based on average APRs for customers with a good credit history. Your individual APR may vary. The rates are based on 30-day rate locks. Longer lock periods may have higher rates.

Rates quoted assume a single-family, detached, owner-occupied primary residence, a loan-to-value ratio of 80% or less, a minimum middle credit score of 680, a loan amount of $100,000, no subordinate financing, and full income documentation. The APRs are based on the following closing cost assumptions: 1% Origination, $395 UW, $275 Doc Prep, $75 Tax Service, $195 Funding Fee, $30 Courier, $6 Flood, $4 Assignment, $700 Attorney Charges, Interim Interest for 15 Days. On refinance transactions, the rates quoted assume a rate and term refinance. Rates may be higher for a "cash-out" refinance.

For ARM programs, the rate may increase after consummation. All ARM programs have an interest rate ceiling cap and generally have a 30-year term.

The Principal & Interest (P&I) calculations show the monthly payment per $10,000 in loan amount and P&I payments include principal and interest only. PMI (Private Mortgage Insurance), hazard insurance, county and city taxes, homeowner's association (HOA) dues, and any other recurring costs are not included. 30-year terms are used for ARM program P&I calculations.

Restrictions may apply and all loan approvals are subject to underwriter approval; not all applicants will be approved.