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Today’s Selection of Mortgage Programs Served on July 10th, 2025
Mortgage Rates Change Daily – Sometimes twice a day !
Appetizers
- Pre-Approval Sampler — A light introduction to your mortgage journey, featuring a quick overview of what you can afford.
- Rate Quote Bites — Fresh daily rates, served with a side of personalized calculations. Remember pricing a loan is complicated. Factors that determine rate are: purpose of loan, loan program, middle credit score, loan to value, loan term, origination fee, whether you are verifying income or not, property, loan size, owner occupied, 2nd home or investment.
Main Courses
- Fixed-Rate Feast
- Conventional Fannie Mae/ Freddie Mac 30 year Fixed – mid 6’s
- Conventional Fannie Mae/Freddie Mac 15 year Fixed – mid 5’s
- First Time Home Buyers 3% down or 1% down – mid 6’s with reduced PMI
- Adjustable-Rate Adventure — Conventional Arms – same pricing as fixed
- FHA Special — Government-backed, ideal for first-time buyers. Served with low down payments and flexible credit requirements.
- FHA Fixed 30 – scores as low as 580 – 5.875% to 6.125%
- FHA 5/1 ARM – mid to low 5’s
- FHA 3/1 ARM – mid to low 5’s – lower pricing available
- VA Veteran’s Platter — Zero-down delicacy for those who have served. Rich in benefits and savings.
- VA Fixed – similar pricing as FHA Fixed
- VA 5/1 ARM – mid to low 5’s
- VA 3/1 ARM – mid to low 5’s lower pricing available
- Jumbo Loan Deluxe — For big appetites! Perfect for high-value properties that exceed conventional limits. Market pricing extremely dependent on credit score
- Jumbo Fixed 30 – Upper sixes to low, low 7’s
- Jumbo 5/6 ARM – Mid sixes
- Jumbo 7/6 ARM – Mid to Upper sixes
Originator Specialties
- The DSCR loan – (Debt Service Coverage Ratio) Great choice for Investors who value simplicity over paperwork. The loan focuses on the subject property in question with an appraisal that gives a value and rental comparables. No Income verification required. Pricing is based on credit score, loan to value, purpose of loan and the DSCR ratio
- DSCR 30 year fixed – Upper 7’s
- The Bank Statement Loan – Great loan for self-employed borrowers with equity in the transaction and good credit scores. Must be self employed at least two years. Income is determined by a 12 or 24 month average of deposits
- Bank Statement 30 year fixed – mid to upper 7’s
- Home Equity Lines of Credit – (HELOCS) Second mortgages usually used to consolidate debts or do a home improvement. Income verification required
- Variable rates tied to the prime rate – Upper 7’s to low, low 8’s
- Reverse Mortgages – (Also known as HECM’s) Great loan for seniors with equity in their homes. Eliminate a monthly mortgage obligation, get a monthly income, lump sum payouts. Loan proceeds are based on age, equity in the home and any debts that need to be paid off.
- Variable rate – upper 6’s
- Fixed rate – upper 8’s
Deserts Items – That can be added to the loan
- Loan Shield – Retain servicing with the same lender and have the ability to recast your loan with a large principle payment
- Free Escrow Waivers – Always
- Immediate Funding at Closing – No waiting around for a funding number
- Exact Rate – Rates don’t have to be rounded to the 1/8 th
- Flex Term – Instead of a 30 years fixed, I think I will take a 27 year term
- Every Loan moves extremely fast with the quickest turnaround times in the country
Ask your server (loan officer) for today’s specials or to customize your order to taste. Bon appétit on your homeownership journey!