Rain City Guide

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  Conforming rate quote below based on owner occupied, “full doc” with minimum credit scores of 680 with an 80% loan to value or lower and a loan amount of $400,000.   Rates quoted are priced based on a 45 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below. 

30 Year Fixed: 6.375% (APR 6.527%).  Payment per $1000 = $6.24.

30 Year Fixed with 10 Year Interest Only:  6.500% (APR 6.653%).  Payment per $1000 = $5.42.

40 Year Fixed:  6.625% (APR 6.775%).  Payment per $1000 = $5.94.

7/1 ARM:  6.125%% (APR 6.281%).  Payment per $1000 = $6.08.

5/1 ARM:  5.875%  (APR 6.018%).  Payment per $1000 = $5.92.

5/1 ARM with 10 Year Interest Only:  6.000%  (APR 6.144%).  Payment per $1000 = $5.00.

JUMBO (Non-Conforming) Rates.   Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).   

30 Year Fixed: 6.625% (APR 6.779%).  Payment per $1000 = $6.40.

30 Year Fixed with interest only payments: 6.750% (APR 6.906% ).  Payment per $1000 = $5.63.

40 Year Fixed:  6.750% (APR 6.910 %).  Payment per $1000 = $6.03.

5/1 ARM:  6.250% (APR 6.401%).  Payment per $1000 = $6.16.

5/1 ARM with 10 Year interest only payments: 6.250% (APR 6.409%).  Payment per $1000 = $5.21

This is just a small sample available of rates and products.  Rates are as of 2:00 this afternoon and may change at any time.   For your personal rate quote or for loan amounts over $650,000, please contact me.