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Yes the Fannie Mae and Freddie Mac “Home Affordable Refinance Program” is still available!!
| Conforming Mortgage Rates
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| Scenario Based on Purchase Price of $400,000 with 20% down | ||||
| 1% Loan Fee (1% of the loan amount) | ||||
| Loan amounts up to $417,000 | ||||
|
rate |
apr |
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| 30 Yr Fixed |
4.750% |
4.881% |
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| 15 Yr Fixed |
4.250% |
4.474% |
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| 7/1 ARM 5/2/5 CAPS |
4.125% |
3.853% |
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| 5/1 ARM 5/2/5 CAPS |
3.625% |
3.584% |
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| 3/1 ARM 5/2/5 CAPS |
3.500% |
3.580% |
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| Super Conforming Scenario | ||||
| 1% Loan Fee (1% of the loan amount) | ||||
| Loan amounts between $417,001 – $567,500 with the same guidelines | ||||
| Scenario Based on Purchase Price of $600,000 with 20% down | ||||
|
rate |
apr |
|||
| 30 Yr Fixed |
5.000% |
5.122% |
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| 15 Yr Fixed |
4.250% |
4.456% |
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| Jumbo (Non-Conforming) | ||||
| 1% Loan Fee (1% of the loan amount) | ||||
| Loan amounts between $567,501 – $999,999 with the same guidelines | ||||
| Scenario Based on Purchase Price of $1,000,000 with 25% down | ||||
|
rate |
apr |
|||
| 30 Yr Fixed |
6.250% |
6.369% |
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| 7/1 ARM 5/2/5 CAPS |
5.125% |
4.328% |
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| 5/1 ARM 5/2/5 CAPS |
4.500% |
3.930% |
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Government – FHA
| Scenario Based on Purchase Price of $400,000 with 20% down | ||||
| 1% Loan Fee (1% of the loan amount) | ||||
| Loan amounts up to $417,000 | ||||
|
rate |
apr |
|||
| 30 Yr Fixed |
4.750% |
5.385% |
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| 15 Yr Fixed |
4.500% |
5.244% |
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| FHA – High Balance | ||||
| 1% Loan Fee (1% of the loan amount) | ||||
| Loan amounts between $417,001 – $567,500 with the same guidelines | ||||
| Scenario Based on Purchase Price of $600,000 with 20% down | ||||
|
rate |
apr |
|||
| 30 Yr Fixed |
4.875% |
5.512% |
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| Prime Rate |
3.25% |
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For specific scenarios, please contact us!
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