6
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Mortgage
Rates
Notice Mortgage applications secured by property located outside the Southwest Virginia/East Tennessee market area will not be accepted. |
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Loan
Type
|
Term
|
Rate
|
Origination
Fees |
Discount
Points |
Max
D/I Ratios |
Max
LTV
|
Max
Loan Amount |
Standard Program Escrow required Credit Scores: Scores under 720 will require higher rate! |
|
|
1% |
0% .75% pt to buy down .125% rate |
28/36 |
|
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| JUMBO
(fixed) Escrow required Credit Scores 660+ |
|
|
0.75%
|
N/A
|
28/36
|
90%
|
$1,000,000
|
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| Flex
B (adjustable) Credit Scores 600+ |
|
|
1.0%
|
N/A
|
31/39
|
85%
|
$417,000
|
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| Flex
C (adjustable) Credit Scores 599 or less |
|
|
1.5%
|
N/A
|
31/39
|
80%
|
$175,000
|
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| Home Equity 2nds (fixed) or Land & Lot Loans (fixed) |
|
|
1.0%
|
N/A
|
31/39
|
90%
(HE/2nd)
80% (Land/Lot) |
$75,000
|
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(C) 2005 Four Leaf
Financial Corporation.
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