Quotes include 30 day Rate Lock for Primary Residence Purchase and assume 640 FICO Score (Except Elite, 740 FICO Score) with Lender Paid Comp Plan. Rate quotes with zero points available upon request. If Down Payment is less than 20%, Mortgage Insurance (MI) may be required, and could increase the monthly payment and Annual Percentage Rate (APR). The displayed APRs are measure of the cost to borrow money (finance charge) presented in annual percentage rate. Lower Down Payments and/or Longer or Shorter Rate locks available on eligible Loan Products. Lower credit score loan options available upon request, Minimum 580 FICO Score on products eligible for consideration with Assured FSC. Elite Loans available exclusively through United Wholesale Mortgage, brokered by Assured FSC. Basis Points (bps) refers to 1/100th of 1%.
Interest rates and APRs are based on current market conditions, are for information purposes only. Rates and pricing are subject to change without notice, they are current as of all products our investors offer as of Today, July 3, 2017. Individual quote may be subject to additional surcharges depending on property type, Loan Amount, Loan Product, Loan-To-Value, Combined Loan-To-Value, FICO Score/Credit Score, Length of Rate-Lock, and other components of Customer’s Risk Profile, consult with your Loan Officer. Assured Financial Services, Corp, it’s agents, officers, employees, hereby noted as the “Company”, do not guarantee the accuracy of this information, product may not be available depending on individual applicant’s Risk Profile. This is not an offer to lend, nor credit decision, or a commitment to lend.
Depending on Customer’s Risk Profile, Mortgage Insurance may be required. If Mortgage Insurance is required, the Mortgage Insurance Premium (MIP) or PMI could increase the APR and Monthly Mortgage Payment. Additional Loan Programs, such as Lender Paid Mortgage Insurance, may be available.
Market Opinion section is extracted, authored by our staff and/or other experts in the industry. Assured FSC, it’s affiliates, agents, employees cannot guarantee it’s accuracy nor it will not be liable for direct, and/or unforeseen consequences of financial decisions made by consumer based off the article. Assured FSC is not authorized to provide investment Advice, information provided is solely an informational purposes only.
All Mortgage Products are Originated by Assured Financial Services, Corp, (610) 624- 1818. Assured Financial Services, Corp products may not be available in all areas. Licensed by PA Department of Banking and Insurance. NMLS ID# 184633 NMLS Consumer Access-http://www.nmlsconsumeraccess.org/
Additional Disclosures for Federal Housing Administration (FHA) Loans
FHA Loans require both UFMIP (Up Front Mortgage Insurance Premium) and annual Mortgage Insurance Premium, which borrower pay monthly (Annual Premium/12 in addition to your Monthly Principal+ Interest). The Premium varies based on borrower risk profile. In common instances, you may find FHA to be more expensive Financing option, consult with your Mortgage Advisor meeting your Credit and Financial circumstances.
Additional Disclosures for Veteran’s Affair (VA) Loans
100% Financing may be available with maximum Loan Amount of $424,100 (for Contiguous States, District of Columbia, and Puerto Rico). Congress may pass new legislation and/or the Department of Veterans Affairs may adjust the VA Funding Fees without notice. Gifts and grants may be used for down payments, upon meeting eligibility requirements of VA Programs. Certificate of Eligibility (CoE), which verifies borrower’s eligibility for VA Loans, are issued by Department of VA.
Additional Disclosures for Adjustable Rate Mortgages (ARMs)
Your Monthly Principal and Interest Rates will be fixed for period of time, depending on your product, then it may change based on the market variations. Typically ARMs are guided by London Inter-Bank Offered Rate (LIBOR), Treasury Rates, and more. Speak to your Loan Officer to know more about ARMs.