Conv fixed of 5.625% (5.97% APR)**
Conv 10yr of 4.75% (5.26% APR)***
*FHA Payment example: Stated rate may change or may not be available at time of rate lock. If you bought a $400,000 home with a 30 year loan at a fixed rate of 5.125% (5.625% Annual Percentage Rate), with a down payment of 3.5%, for a loan amount of $386,000, you would make 360 monthly payments of $2,102. Payment stated does not include mortgage insurance, taxes and homeowners insurance, which will result in a higher payment.
**Payment example: Stated rate may change or may not be available at time of rate lock. If you bought a $400,000 home with a 30 year loan at a fixed rate of 5.625% (5.97% Annual Percentage Rate), with a down payment of 10%, for a loan amount of $360,000, you would make 360 monthly payments of $2,073. Payment stated does not include mortgage insurance, taxes and homeowners insurance, which will result in a higher payment.
***10/6 Arm. Stated rate may change or may not be available at time of rate lock. Example: Purchase Price $400,000, 10% Down Payment, $360,000 Loan Amount, 30 year term, initial interest rate 4.75% (5.26% APR) for initial 120 payments of $1,878.00, not including mortgage insurance/taxes/insurance. Post Introductory Period Example: Interest Rate = SOFR + Margin. Payment can adjust every 6 months. Sample Repayments at month 120 with balance of $290,601: 3% Margin, 5.313% SOFR (9/11/23), 8.250% variable rate, $2,476.00 monthly payment. At max interest rate of 9.75% payment is $2,756.00