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FIRST MORTGAGE LENDERS, INC.
YOUR # 1 LENDER
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| Conventional 30 Year Fixed Loan |
| Conventional 15 Year Fixed Home Loan |
| FHA 30 Year Fixed Home Loan |
| USDA Rural Development 30 Year Home Loan |
| 100% 30 year Conventional loan |
Rates last updated on Monday, May 26, 2008
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Conventional 30 Year Fixed Loan
A minimum down payment of 5% of the sales price is required.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6.125% | 1% | 6.717% |
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Conventional 15 Year Fixed Home Loan
Requires a minimum of 5% of the purchase price down.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.75% | 1% | 6.328% |
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FHA 30 Year Fixed Home Loan
Requires a minimum down payment of 3% of the sales price. The down payment can come from your own funds, a gift from a relative or from a grant. Talk to one of our loan officers about grant programs avaliable.
Term: 30 years
Maximum Amount: $217,000
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| Rates | Points | APR |
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| 5.875% | 1% | 6.458% |
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USDA Rural Development 30 Year Home Loan
Our USDA Rural Development Home Loans allows you to finance 100% of the purchasing price of a home plus the closing costs. The maximum loan you can obtain is based on income, repayment ability and number of persons living in the home. The property being purchased must be located in a rural area as established by the USDA. For complete details please call one of our home loan specialists.
Apply now by clicking here.
Term: 30 years
Maximum Amount: $150,000
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| Rates | Points | APR |
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| 6.5% | 0% | 7% |
| | The above loan example is based on a total loan in the amount of $150,000.00, four person household with $50,000.00 in total annual adjusted income, a 6.5% interest rate with 0 points, 30 year fixed loan, annual taxes and insurance do not exceed $2,040.00 per year or $170.00 per month and other total monthly debt payments not exceeding $590.00 per month. All situations are different. To get a loan quote that fits your specific situation please speak to one of our home loan specialists or apply on line by clicking here. |
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100% 30 year Conventional loan
Requires a minimum of $500 down directly from the purchaser for the purchase of a home.
Term: 30 years
Maximum Amount: $359,650
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| Rates | Points | APR |
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| 6.375% | 1% | 6.976% |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $359,650 with closing costs of $17,982. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $50,000. Your actual APR may be different depending upon these factors.
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