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PIB Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide affordable choices that are best for you. There is a brief description of each product shown on the website. For other options or questions about any program, please contact us at any time. RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. Rates posted are based on $100,000 loan with 700 credit score and 45 day lock with 1% origination fee. Actual borrower rates are affected by credit scores, loan-to-value ratio, and market conditions.
 
Conventional Mortgage Loan
FHA Mortgage Loan
USDA Rural Development Loan
VA Mortgage Loan

Rates last updated on Monday, June 12, 2017

Conventional Mortgage Loan
Conventional Mortgage Loan: The down payment on these programs is typically 3% to 20%. These loans are underwritten based upon Fannie Mae/ Freddie Mac Guidelines. • Loan Terms of 10 to 30 years available • Down Payment of 3% or more. • Interest rates can be fixed for the term of loan • Mortgage Insurance required on down payment of less than 20% • Loans under written to Fannie Mae/Freddie Mac guidelines

Term: 30 years   Maximum Amount: $424,100
RatesAPRPoints
3.625%4.344%1%

FHA Mortgage Loan
FHA Mortgage Loan: This is typically a 96.5% loan. The required borrower investment on FHA loan is 3.5%. There is no income limit on an FHA Loan. 15, 20 and 30 year fixed rate terms are available. • Loan terms of 15, 20 and 30 years are available • Down payment of 3.5% • Interest rates are fixed for the term of the loan • Mortgage insurance required for Life of the Loan • There are no income limits on FHA loans • Loan is underwritten to FHA guidelines

Term: 30 years   Maximum Amount: $275,665
RatesAPRPoints
3.5%4.852%1%

USDA Rural Development Loan
USDA Rural Development Loan: This is a 100% Loan guaranteed through USDA. There are income limits and property requirements. The loan is 0% down payment. Closing costs can be included in loan up to the appraised value. There is an annual fee of .35% added to monthly payment. The Fixed Rate Term is for 30 years. • Loan term of 30 years • 100% financing available • Interest rate is fixed for 30 years • Fee of .35% added to monthly payments • Loans underwritten to USDA guidelines

Term: 30 years   Maximum Amount: $424,100
RatesAPRPoints
3.375%4.033%1%

VA Mortgage Loan
VA Mortgage Loan: This is a loan for qualified veterans. It is a 100% Loan with No MI with monthly payment. There are no income limits. There are property requirements. 15, 20, 25 and 30 year fixed rate term available. • These loans are available to qualified veterans • Loan terms of 15, 20, 25 and 30 years are available • Interest rates are fixed for the term of the loan • There is no mortgage insurance required • There are no income limits • There are property requirements

Term: 30 years   Maximum Amount: $424,100
RatesAPRPoints
3.375%3.767%1%



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $424,100 with closing costs of $8,482. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.