Rate Snapshot for the Week of July 5th, 2016


Loan DescriptionMin. Down PaymentMax Loan AmountMin Credit ScoreRate
Origination Fees:Lender Fees:

30 Yr Fixed

Conventional

3%$417,000620

3.375%





Examples:Loan AmountCredit ScoreRatePayment



$200,0007603.375%

$884.19

ZeroZero


$300,0007603.375%$1,326.29ZeroZero

15 Yr Fixed

Conventional

3%$417,0006202.75%



Examples:
Loan Amount
Credit Score
Rate
Payment




$200,000
760
2.625%$1,345.38Zero
Zero


$300,000
760
2.625%$2,018.07Zero
Zero

30 Yr Fixed

FHA (Gov't)

3.5%$304,750*5203.25%



Examples:Loan Amount
Credit Score
Rate
Payment



No Closing Costs$200,000
7603.25%$1,012.08Zero
Zero


$300,000
7603.25%$1,518.12Zero
Zero

30 Yr Fixed

Veteran's Loan

0%$600,000**5203.25%



Examples:
Loan Amount
Credit Score
Rate
Payment



No Closing Costs$200,000
7603.25%$870.41Zero
Zero


$300,000
7603.25%$1,305.62Zero
Zero

30 Yr Fixed

Rental Property

20%$417,000**6203.75%



Examples:
Loan Amount
Credit Score
Rate
Payment




$200,000
7603.75%$926.23Zero
Zero


$300,000
7603.75%$1,389.35Zero
Zero

30 Yr Fixed

Jumbo Loan

10%$3,000,0006803.875%



Examples:
Loan Amount
Credit Score
Rate
Payment




$1,000,000
7603.875%$4,702.37Zero
Zero


$2,000,0007604.00%$9,548.31Zero
Zero
Reverse MortgageApprox. 30% (depends on Age.County LimitDoesn't matter*
Case by CasePurchase or Refinance

Reverse Mortgages can be used for Purchase Transactions.  Ask us how and when that option makes sense.

*Ability to pay annual taxes and insurance is a main qualifier.

      Questions

Darren Van GrolInsurance and Financial PlannersM: 801-864-0211darren@virtuafunding.com
Jonathan PocockAttorney Divorce and Estate Planning SupportM: 801-448-3800JP@virtuafunding.com
Jonathan PocockLoan Scenarios, Rate Quotes, Real Estate SolutionsM: 801-448-3800JP@virtuafunding.com


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