This Weeks Mortgage Rates April 13th

Dated: April 13 2022

Views: 21

Weekly Rates from First Bank Mortgage


04/13/2022

First Bank Portfolio Jumbo Loans


For Loan Amounts from

$647,201 to $1,000,000.

Term

Property Type

Interest Rate

Est. APR*

Min. Down Payment

Transaction Type

5/6Arm Conv

1 Unit

4.75%

4.808%

20%

Second

Home

7/6Arm Conv

1 Unit

4.875%

4.934%

20%

Second Home

10/6 Arm Conv

1 Unit

4.50%

4.560%

25%

Second Home

15/6 Arm Conv

1 Unit

4.625%

4.714%

25%

Second Home

15 Year Fixed

1 Unit

5.00%

5.060%

20%

Second Home

First Bank Portfolio 2nd Home - Investment Property Program


For Loan Amounts from

$100,000 to $1,000,000.

Term

Property Type

Interest Rate

Est. APR*

Min. Down Payment

Transaction Type

7/6Arm Conv

1 Unit or Condo

4.75%

4.808%

20%

Second

Home/ Investment Property

10/6Arm Conv

1 Unit or Condo

4.875%

4.934%

20%

Second Home/

Investment Property

7/6 Arm Conv

1 Unit or Condo

4.50%

4.560%

25%

Second Home/ Investment Property

10/6 Arm Conv

1 Unit or Condo

4.625%

4.714%

25%

Second Home / Investment Property

7/6 Arm Conv

2-4 Units

5.00%

5.060%

20%

Investment Property

10/6 Arm Conv

2-4 Units

5.125%

5.229%

20%

Investment Property

7/6 Arm Conv

2-4 Units

4.75%

4.812%

25%

InvestmentProperty

10/6 Arm Conv

2-4 Units

4.875%

4.937%

25%

Investment Property

Same Pricing for Second Homes and Investment Properties.



Same Pricing for Single Family Residences and Condo’s


Maximum Cash Out amount is $500,000

*Interest rates and annual percentage rates (APRs) are based on current market conditions and are for informational purposes only. Interest rates and loan program terms are subject to change without notice and may be subject to pricing adjustors related to property type, loan amount, loan-to-value, credit score and other variables. Accuracy is not guaranteed and products may not be available to all borrowers, based on their individual situation. This is not a credit decision or commitment to lend. Depending on loan guidelines, mortgage insurance may be required and the mortgage insurance premium could increase the APR and monthly mortgage payment. Additional loan programs may be available.


Loan Assumptions


Conforming Conventional Arms (5/6, 7/6, and 10/6)

  • $275,000 Single-Family Purchase of Primary Residence (detached)

  • $220,000 Base Loan Amount (80% LTV and 20% Down Payment)

  • $206,250 Loan Amount (75% LTV and 25% Down Payment)

  • 740 FICO Score

Portfolio Investment Programs

  • $275,000 Single-Family Purchase of Primary Residence (detached)

  • $220,000 Base Loan Amount (80% LTV and 20% Down Payment)

  • $206,250 Loan Amount (75% LTV and 25% Down Payment)

  • 740 FICO Score or Greater

Portfolio Jumbo Programs

  • $1,000,000 Single-Family Purchase of Primary Residence (detached)

  • $800,000 Base Loan Amount (80% LTV and 20% Down Payment)

  • 750 FICO Score or Greater

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