Did you know we are a HomePath lender? If a property your client is interested in is HomePath approved (www.homepath.com) they can put down as little as 3% with conventional financing. Furthermore, approved properties do not require monthly PMI (increases buying power) nor an appraisal. HomePath also allows financing in condo developments with high HOA delinquencies, ongoing litigation and higher than normal investor concentration. It’s a fantastic program for first-time buyers or seasoned investors with quick turn times since the property is already Fannie Mae approved.
12/16/11 purchase rates with 0% points
30-yr fixed @ 3.875%
15-yr fixed @ 3.25%
5-yr ARM @ 2.75%
5-yr Interest Only @ 3%
7-yr ARM @ 3.125%
FHA 30-yr fixed @ 3.25%
FHA 5-yr ARM @ 2.875%
30-yr fixed jumbo @ 4.875%
5-yr jumbo ARM @ 3.25%
Purchase rates with optional 1% point
30-yr fixed @ 3.75%
15-yr fixed @ 2.875%
5-yr ARM @ 2.5%
5-yr Interest Only @ 2.75%
7-yr ARM @ 2.75%
FHA 30-yr fixed @ 3%
FHA 5-yr ARM @ 2.625%
30-yr fixed jumbo @ 4.5%
5-yr jumbo ARM @ 2.875%
*Assumes a 20% down payment for conventional SFH purchases
and 3.5% for FHA transactions with a 740 credit score.
97% Conventional Single Family Home financing available.
No longer do you have to rely on FHA financing for low down payment buyers. Avoid the strict FHA appraisal requirements, upfront FHA MI premiums and high monthly FHA PMI rates with this new conventional program.
95% Conventional (non-FHA) Condo financing available.
No need to search for already approved FHA condo projects or having to worry about obtaining new FHA project approval with this conventional program.
530 FICO scores for FHA financing available.
That’s right, we can get your not so perfect credit clients approved with this FHA program.
Have your clients call today!
Sr. Residential and Commercial Mortgage Advisor
Nominated Mortgage Company of the Year
Capital Financial Bancorp, Inc.
1003 N Damen
Chicago, IL 60622
773-235-0111 x 115 Office