Loan scenario presumptions (applies to all loan products- unless otherwise indicated):

Mortgage rates may change daily. Actual payments will vary based on the length of your loan term and the interest rate. Interest rates will vary depending upon your credit qualifications, credit score, loan amount, loan-to-value ratio, and prevailing market rates. Not all loan products are available in all markets or to all homeowners. All examples below assume the following: (1) Closing costs are paid out of pocket (not financed into loan amount); (2) financing is secured by your primary residence, which must be a single-family home meeting our collateral standards; (3) your credit Score is no less than 720, and (4) the loan-to-value (LTV) ratio is 80% or less. If your LTV is greater than 80%, you may be required to pay mortgage insurance which would increase your monthly payment. All applications are subject to an underwriting review including (in most cases) ability to repay the loan. Some restrictions may apply.

Conventional Refinance Terms and Conditions:

15-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 15-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.250% and 80% loan-to-value ratio (LTV) is $1405.34 after paying 2.402 points at closing. The Annual Percentage Rate (APR) is 3.684%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Please call for details.

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 4.250% and 80% loan-to-value ratio (LTV) is $983.88 after paying 1.560 points at closing. The Annual Percentage Rate (APR) is 4.433%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Please call for details.

Conventional Purchase Terms and Conditions:

15-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 15-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.125% and 80% loan-to-value ratio (LTV), with a $50,000 down payment is $1393.22 after paying 1.950 points at closing. The Annual Percentage Rate (APR) is 3.489%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Please call for details.

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.875% and 80% loan-to-value ratio (LTV) with a $50,000 down payment is $940.47 after paying 2.618 points at closing. The Annual Percentage Rate (APR) is 4.413%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Please call for details.

FHA Disclosure (REFINANCE):

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.750% and 80% loan-to-value ratio (LTV) is $942.44 after paying 1.301 points at closing. The Annual Percentage Rate (APR) is 4.888%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Some state and county maximum loan amount restrictions may apply. Please call for details.

FHA Disclosure (PURCHASE):

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.375% and 80% loan-to-value ratio (LTV) with a $7,254.00 down payment is $899.67 after paying 1.629 points at closing. The Annual Percentage Rate (APR) is 4.536%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Some state and county maximum loan amount restrictions may apply. Please call for details.

FHA Streamline

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.750% and 80% loan-to-value ratio (LTV) is $942.44 after paying 1.3012 points at closing. The Annual Percentage Rate (APR) is 4.888%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Some state and county maximum loan amount restrictions may apply. Please call for details.

VA Disclosure (REFINANCE):

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.750% and 80% loan-to-value ratio (LTV) is $956.80 after paying 3.301points at closing. The Annual Percentage Rate (APR) is 4.338%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Please call for details.

VA Disclosure (Purchase):.

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.750% and 80% loan-to-value ratio (LTV) is $930.86 after paying 1.629 points at closing. Down payment is not required. The Annual Percentage Rate (APR) is 3.709%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Other terms and restrictions may apply.  Please call for details.

VA Interest Rate Reduction and Refinance Loan (IRRRL) Disclosures

30-Year Fixed-Rate Mortgage: The monthly principal and interest payment on a 30-year, $200,000 Fixed-Rate Loan secured by a property located in the State of Virginia with an interest rate of 3.250% and 80% loan-to-value ratio (LTV) is $874.76 after paying 1.301 points at closing. The Annual Percentage Rate (APR) is 3.928%. Monthly payment does not include taxes and insurance premiums. Total payment will be greater. Non-owner-occupied properties may be ineligible. Veteran must have occupied the property at one time. Other terms and restrictions may apply.  Please call for details.

 

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