*Monthly pricing subject to change. Payment is an estimate based on principal and interest only and reflects a 30 year FHA loan with a fixed rate of 3.5% and an annual percentage rate of 5.794%. The scenario also assumes a 3.5% down payment with 2 discount points paid by the borrower to reduce the interest rate throughout the life of the loan. This payment estimate is based on a 760 credit score.
*Example of 97% LTV (3% Cash Down) Conventional Loan Program with $200,000.00
sales price. $194,000.00 loan amount - 30-year fixed rate loan with zero points based on 360 monthly payments at $817.91 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. 3% cash down payment of $6,000.00 required. Example assumes 700 credit score and includes $1,295 origination fee, 3.312% APR, and 3.000% interest rate as of 08/13/2020. Rate, fees, other charges and terms subject to change or withdrawal at any time without notice. If you are pre-qualified, the terms of your pre-qualification may vary from the preceding example, in which case your monthly payment may be more than the example payment of $817.91. Available loan programs and terms will vary by state.