You find the just-right house. We'll find the just-right financing.
FM Lending Rates* this week: Dec 1-5, 2008
Loan Program
Conforming
Jumbo
FHA/VA
40 Year Fixed
5.375%
N/A
N/A
30 Year Fixed
5.375%
6.875%
5.500%
15 Year Fixed
5.125%
6.625%
5.500%
7/1 ARM
5.750%
6.250%
N/A
5/1 ARM
5.875%
6.375%
N/A
NC Housing Authority (1st time homebuyers only)
100% Avail.**
Conv (max $220k)
FHA (max $220k)
90 Day Lock
5.990%
5.990%
150 Day Lock
6.250%
6.250%
** 100% is available with up to $7000 in Down Payment Assistance, income restrictions apply.
Max. sales price is $220k new, and $210k existing. $210k Max with DAP.
Why New Home Lending?
We work exclusively with new homes.
24 hour loan approval on most loans.
Rates and fees are among the lowest in the market.
Local processing and closing.
Loan applications may be taken at the neighborhood or
the most convenient place for you.
Extensive lending experience enables us to handle your
important purchase transaction in a knowledgeable and
professional manner.
Committed to providing personalized service to each
borrower, Realtor or builder.
Analyzes the borrower's financial situation and finds the
loan program best suited to your needs.
Provides quick and easy loan approvals by using our
exclusive XP2005™ approval system.
*All rates are subject to change without notice and are subject to credit approval.
