Home Loan Interest Rates

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Rates are subject to change without notice until locked in.
Rates on this Page Last Updated:
07/29/2010 2:22 PM

Conforming Loan Limits - Click here Icon - Opens in New Window ...

Conforming
Purchase Loan Rates
Rates based on $200,000 Loans

Rate	Points	APR	Rate	Points	APR
30 Year Fixed Loans 30 day lock.			15 Year Fixed Loans 30 day lock.
4.250%	0.836%	4.387%	3.625%	1.763%	3.999%
4.375%	0.036%	4.444%	3.750%	0.389%	3.919%
4.500%	-0.394%	4.533%	3.875%	-0.162%	3.963%

Adjustments:
- Investment Property Fees -
-- LTV => 75% = add 1.75% pts
-- LTV > 75% to 80% = add 3.0 pts. Adjustments:
See Credit Score Adjustments below.
2 - 4 units = add 1.0 pt.

Credit Score Adjustments to Points All Loans with terms > 15 years
LTV's (Loan to Value)	Credit Scores (Lowest middle score of 3 or lower score of 2)
LTV's (Loan to Value)	620 - 639	640 - 659	660 - 679	680 - 699	700 -719	720 - 739	>739
< 60%	0.50%	0.50%	0%	0%	-0.25%	-0.25%	-0.25%
60.01 - 70	1.50%	1.25%	1.00%	0.50%	0.50%	0%	0%
70.01 - 75	3.00%	2.50%	2.00%	1.00%	0.50%	0%	0%
75.01 - 80	3.00%	3.00%	2.50%	1.50%	0.75%	0.25%	0%
80.01 - 85	3.00%	2.75%	2.25%	1.00%	0.50%	0%	0%
85.01 - 97	2.25%	2.25%	1.75%	0.75%	0.50%	0%	0%
Minimum credit score is 620.

Additional Credit Score Adjustments to Points Cash-out Loans for Investment Properties & Second Homes (Primary Residence cash-out - see Home Equity Loans below)
LTV's (Loan to Value)	Credit Scores (Lowest middle score of 3 or lower score of 2)
LTV's (Loan to Value)	620-639	640-659	660-679	680-699	700-739	>739
< 60%	0.25%	0.25%	0.25%	0%	0%	0%
60.01 - 75	1.25%	1.25%	0.75%	0.75%	0.625%	0.25%
75.01 - 80	2.75%	2.25%	1.50%	1.375%	0.75%	0.50%
Minimum credit score is 620.

Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

Jumbo
Purchase, Refi & Cash-out Loan Rates
Rates based on $650,000 Loans

LTV up to	Rate	APR	LTV up to	Rate	APR
30 Year Fixed Loans 45 day lock.			15 Year Fixed Loans 45 day lock.
70%	5.400%	5.562%	70%	4.750%	5.018%
75%	5.500%	5.664%	75%	4.850%	5.119%
80%	5.600%	5.765%	80%	4.950%	5.221%
85%	5.700%	5.867%	85%	5.050%	5.322%
90%	5.900%	6.069%	90%	5.250%	5.525%
Origination Points = 1.000% for all loans.

Notes: Maximum Loan Amount = $1,500,000 at 60% LTV. Maximum LTV = 90% to $500,000. Maximum DTI = 45% purchase & 50% refinance. Second Homes add 0.20% to Rate. Loans amounts > $900k add 0.20 to Rate Loan approval required to lock rate. Home Equity cash-out up to 80% LTV	1/1, 3/1, 5/1, 7/1 & 10/1 ARM loans available. Interest only available on 3/1 & 5/1 ARM loans. Condos up to 8 stories. No Investment Properties Credit Scores: Rates based on 720 or higher credit scores. Minimum for primary wage earner is 650. Minimum for secondary wage earner is 625
Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

FHA
Purchase Loan Rates
Rates based on $200,000 Loans

Rate	Points	APR	Rate	Points	APR
30 Year Fixed Loans 30 day lock.			15 Year Fixed Loans 30 day lock.
4.000%	0.985%	4.909%	4.000%	-0.012%	4.535%
4.250%	-0.861%	5.003%	4.500%	-1.250%	4.718%
4.375%	-1.280%	5.093%	5.000%	-1.250%	5.117%

Notes: Minimum 3.5% down payment req'd. Refinance Loan Rates - Request analysis and estimate. FHA 3/1 ARM & 5/1 ARM loans available.	Credit Scores: >700 = subtract 0.125% pt., 620 - 660 = add 0.25 pt. All Loans - 620 Minimum.
Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

VA Conforming
Purchase Loan Rates
Rates based on $200,000 Loans

Rate	Points	APR	Rate	Points	APR
30 Year Fixed Loans 30 day lock.			15 Year Fixed Loans 30 day lock.
4.000%	0.985%	4.281%	4.000%	-0.012%	4.347%
4.250%	-0.861%	4.375%	4.500%	-1.250%	4.530%
4.375%	-1.280%	4.465%	5.000%	-1.250%	4.929%

Notes: Maximum VA $0 down loan limit is $417,000, including the VA Funding Fee , if financed. Refinance Loan Rates - Request analysis and estimate. VA 1 yr ARM, 3/1 ARM & 5/1 ARM loans available.	Credit Scores: 30 yr Loans - >700 = subtract 0.125% pt., 620 - 660 = add 0.25 pt. 15 yr Loans - 620 - 639 = add 0.75 pt., 640 - 659 = add 0.25% pt. All Loans - 620 Minimum.
Texas Vet base rate is 4.33% APR=4.686% (effective 07/23/10)
Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

VA JUMBO
Purchase Loan Rates
Rates based on $650,000 Loans

Rate	Points	APR	Rate
30 Year Fixed Loans 30 day lock.			15 Year Fixed Loans
4.250%	0.000%	4.251%	Not Available.
4.375%	0.000%	4.385%
4.500%	0.000%	4.483%

Notes: Maximum VA JUMBO loan limit is $1,500,000. Down payment Required. 30 year fixed rate loans only - Other restrictions apply. Loans =>$700,000 subject to additional pricing adjustments at time of underwriting. Loan amount => $1,000,000 = add 5.0 pts.	Credit Scores: >700 = subtract 0.125% pt. 620 - 660 = add 0.25 pt. 620 Minimum. Loan amount > $700,000 = minimum 620 Loan amount > $1,000,000 = minimum 700
Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

USDA Rural Housing
Purchase Loan Rates
Rates based on $200,000 Loans

Rate	Points	APR	Rate
30 Year Fixed Loans 30 day lock.			15 Year Fixed Loans .
4.500%	1.125%	4.857%	Not Available.
4.625%	0.375%	4.917%
4.750%	0.000%	5.011%

Notes: Zero down. Maximum loan amount is $417,000, including a 3.5% funding fee, if financed. Eligible borrowers must meet RDH income limitations. Eligible properties must be in a designated RDH rural area. Finance closing costs up to appraised value.	Credit Scores: 620 Minimum.
Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

Conforming Home Equity(cash-out)
Refinance Loan Rates
Rates based on $200,000 Loans

Rate	Points	APR	Rate	Points	APR
30 Year Fixed Loans 30 day lock.			15 Year Fixed Loans 30 day lock.
4.250%	1.211%	4.419%	3.750%	0.764%	3.975%
4.375%	0.411%	4.477%	3.875%	0.213%	4.019%
4.625%	-0.019%	4.566%	4.000%	-0.101%	4.098%

Notes:
Maximum LTV on Texas Home Equity Loans = 80%.
SFR, 1 unit, 10 acres or less.
Minimum loan amount - $85,000, Max $417,000 Adjustments:
See Credit Score Adjustments below.

Credit Score Adjustments to Points All Loans with terms > 15 years (1)
LTV's (Loan to Value)	Credit Scores (Lowest middle score of 3 or lower score of 2)
LTV's (Loan to Value)	620 - 639	640 - 659	660 - 679	680 - 699	700 -719	720 - 739	>739
< 60%	0.50%	0.50%	0%	0%	-0.25%	-0.25%	-0.25%
60.01 - 70	1.50%	1.25%	1.00%	0.50%	0.50%	0%	0%
70.01 - 75	3.00%	2.50%	2.00%	1.00%	0.50%	0%	0%
75.01 - 80	3.00%	3.00%	2.50%	1.50%	0.75%	0.25%	0%
1) Minimum credit score is now 620.

Additional Credit Score Adjustments to Points Texas Cash-out Loans - Primary Residence
LTV's (Loan to Value)	Credit Scores (Lowest middle score of 3 or lower score of 2)
LTV's (Loan to Value)	620-639	640-659	660-679	680-699	700-739	>739
< 60%	0.25%	0.25%	0.25%	0%	0%	0%
60.01 - 75	1.25%	1.25%	0.75%	0.75%	0.625%	0.25%
75.01 - 80	2.75%	2.25%	1.50%	1.375%	0.75%	0.50%
Minimum credit score is 620.

Additional adjustments & restrictions may apply <> Contact us for an analysis and estimate

Rates on this Page Last Updated:
Friday, July 30, 2010 8:39 AM

Quick Links

Pre-Qualify Online - The results along with an estimate will be emailed to you.
Apply Online - Submit your complete loan application for loan approval.
Lock your Rate - Call 888-623-7083 toll free or 259-7788 in the Austin area.
Questions? - Email your questions to us.

Notes about Rates

The rates listed above should only be used as a guide. Your actual rate could be more or less due to fluctuating rates, your loan amount and your particular loan requirements.
Rates are subject to change without notice until locked in.
Call 888-623-7083 or in Austin call 259-7788 for details about locking your loan rate now...
(If purchasing you must have a property under contract to lock your rate)
Points - Includes all discount & origination points. Negative points(-0.250%) will be a credited towards the borrowers closing costs.
One "point"(1.000) is equal to 1.000% of the mortgage loan amount.
Conforming Loan Limits - Click here...

Rates are based on the following Assumptions

Conforming Rates Based on loan amount of $200,000 80% Loan to Value Owner Occupied, Primary residence, 1 unit No Mortgage Insurance A quality credit history with 740 or higher credit scores 30 day lock	Jumbo Rates Based on loan amount of $650,000 70% Loan to Value Owner Occupied, Primary residence, 1 unit No Mortgage Insurance Credit score - See Rate Table A quality credit history 45 day lock - Automatically locked on approval.
VA Rates Based on loan amount of $200,000 100% Loan to Value Owner Occupied, Primary residence, 1 unit Includes a 2.15% VA Funding Fee(1st use) financed in the loan amount and included in the APR. Seller paid closing costs = $2000 661 to 700 credit scores 30 day lock	VA Jumbo Rates Based on loan amount of $650,000 91.04% Loan to Value Includes a 2.15% VA Funding Fee(1st use) financed in the loan amount and included in the APR. Seller paid closing costs = $2000 A quality credit history with 661 to 700 credit scores 30 day lock
Home Equity Rates Based on loan amount of $200,000 75% Loan to Value Owner Occupied, Primary residence SFR, 1 unit, 10 acres or less Credit score 740 A quality credit history 30 day lock	Jumbo Home Equity Rates Based on loan amount of $650,000 70% Loan to Value Owner Occupied, Primary residence SFR, 1 unit, 10 acres or less Credit score - See Rate Table. A quality credit history 45 day lock - Automatically locked on approval.
USDA Rural Housing Rates Based on loan amount of $200,000 100% Loan to Value Owner Occupied, Primary residence, 1 unit Includes a 3.50% Guarantee Fee financed in the loan amount and included in the APR. 661 to 700 credit scores 30 day lock. Income limits set by USDA. Property must be in a USDA designated area.	FHA Rates Based on loan amount of $200,000 96.50% Loan to Value Owner Occupied, Primary residence, 1 unit Includes a 2.25% Upfront MIP financed in the loan amount and included in the APR. Monthly MI = 0.55% 661 to 700 credit scores 30 day lock.

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