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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 15-year Fixed
Conventional 30-year Fixed
USDA Rural Development Loan
VA Mortgage Loan
FHA

Rates last updated on Wednesday, July 29, 2020

Conventional 15-year Fixed
Conventional Mortgage Loan: The down payment on these programs are typically 3% to 20 % • These loans are underwritten based upon Fannie Mae / Freddie Mac Guidelines • Loan Terms of 10 to 15 years available • Down Payment of 3% or more • Interest rates can be fixed for the term of the loan • Mortgage Insurance required on down payment of less than 20% • Payments shown do not include amounts for taxes and insurance, if applicable, and actual payment will be greater.

Term: 15 years   Maximum Amount: $510,400
RatesAPRPointsPayment
2.625%3.236%0%$639.05

Conventional 30-year Fixed
Conventional Mortgage Loan: The down payment on these programs are typically 3% to 20 % • These loans are underwritten based upon Fannie Mae / Freddie Mac Guidelines • Loan Terms of 20 to 30 years available • Down Payment of 3% or more • Interest rates can be fixed for the term of the loan • Mortgage Insurance required on down payment of less than 20% • Payments shown do not include amounts for taxes and insurance, if applicable, and actual payment will be greater.

Term: 30 years   Maximum Amount: $510,400
RatesAPRPointsPayment
3.125%3.697%0%$406.96

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 • Interest rate is fixed for 30 years • Loans underwritten to USDA guidelines • Payments shown do not include amounts for taxes and insurance, if applicable, and actual payment will be greater.

Term: 30 years  
RatesAPRPointsPayment
3.25%3.906%0%$439.60

VA Mortgage Loan
VA Mortgage Loan: This loan is for qualified veterans • It is a 100% loan with NO MI included in the monthly payment • There are no income limits • There are property requirements • 15, 20, 25 and 30 year fixed rate term available • Payments shown do not include amounts for taxes and insurance, if applicable, and actual payment will be greater.

Term: 30 years   Maximum Amount: $510,400
RatesAPRPointsPayment
3.25%3.556%0%$445.22

FHA
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 terms available. Interest rates are fixed for the term of the loan. Mortgage insurance is required for the term of the loan. Loan is underwritten to FHA guidelines. Payments shown do not include amounts for taxes, insurance and mortgage insurance, if applicable, and actual payment will be greater.

Term: 30 years   Maximum Amount: $331,760
RatesAPRPointsPayment
3.25%4.583%0%$427.32


Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $510,400 for the contiguous state, District of Columbia, and Puerto Rico or below $765,600 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $510,400 with closing costs of $10,208. Jumbo loans (whose maximum loan amount exceed $510,400 for the contiguous state, District of Columbia, and Puerto Rico or exceed $765,600 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.