![]() Assumptions Lenders calculate rates using assumptions: basic loan details. The Annual Percentage Rate (APR) is 3.619%. Some state and county maximum loan amount restrictions may apply. The actual payment amount will be greater. ![]() Payment does not include taxes and insurance premiums. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. For mortgages with a loan-to-value (LTV) ratio of 92.51%, the 0.8% monthly MIP will be paid for the first 30 years of the mortgage term, or the end of the mortgage term, whichever comes first. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.8% of the base loan amount. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military. The Annual Percentage Rate (APR) is 2.874%. The payment on a $247,000, 30-year fixed-rate loan at 2.49% and 92.51% loan-to-value (LTV) is $974.67 with 2.125 Points due at closing. Payment does not include taxes and insurance. One point is equal to one percent of your loan amount. In Alaska, business will only be conducted under NFM Lending and not any of our affiliate sites.The payment on a $247,000 30-year Fixed-Rate Loan at 2.99% (3.406% APR) is $1,110.02 for the cost of 2.125 point(s) due at closing and a loan-to-value (LTV) of 92.51%. The pre-approval is contingent upon no changes to financials and property approval/appraisal. This means we have pulled credit, collected documents, verified assets, submitted the file to processing and underwriting, ordered verification of rent and employment, completed an analysis of credit, debt ratio and assets, and issued the pre-approval. A pre-approval is an initial verification that the buyer has the income and assets to afford a home up to a certain amount. The pre-approval may be issued before or after a home is found. Loan is limited to the appraised value without the pool, if applicable. The loan amount may not exceed 100% of the appraised value, plus the guarantee fee may be included. For USDA loans, 100% financing, no down payment is required. Veterans Affairs loans require a funding fee, which is based on various loan characteristics. LTV’s can be as high as 96.5% for FHA loans. Qualifying credit score needed for conventional loans. Offers may vary and are subject to change at any time without notice. Eligibility is subject to completion of an application and verification of home ownership, occupancy, title, income, employment, credit, home value, collateral, and underwriting requirements. Refinancing an existing loan may result in the total finance charges being higher over the life of the loan. Not all programs are available in all areas. This is not a credit decision or a commitment to lend. ![]() Subject to Debt-to-Income and Underwriting requirements. Equal housing lender. Make sure you understand the features associated with the loan program you choose, and that it meets your unique financial needs. ![]()
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