Assumptions

30 year

The rate advertised is based on a 30-day rate lock for the purchase of a $500,000 single-family detached residence in CA that appraises for $500,000 for a hypothetical client with a 780 qualifying FICO (credit) score who is borrowing $400,000 on a conventional, 30-year, fixed-rate mortgage, who owns no other properties, and who is escrowing their property tax and insurance payments.

15 year 

The rate advertised is based on a 30-day rate lock for the purchase of a $500,000 single-family detached residence in CA that appraises for $500,000 for a hypothetical client with a 780 qualifying FICO (credit) score who is borrowing $400,000 on a conventional, 15-year, fixed-rate mortgage, who owns no other properties, and who is escrowing their property tax and insurance payments.

FHA

The rate advertised is based on a 30-day rate lock for the purchase of a $350,000 single-family detached residence in CA that appraises for $337,750 for a hypothetical client with a 740 qualifying FICO (credit) score who is borrowing a base loan amount of $337,750 on an FHA, 30-year, fixed-rate mortgage, who owns no other properties, and who must escrow their property tax and insurance payments. Please note that there is an up-front mortgage insurance premium (UFMIP) of 1.750% that is paid to the Federal Housing Administration that can be wrapped into the loan amount. For sake of transparency, we have disclosed the APR reflecting the fee wrapped into the loan amount. 

VA

The rate advertised is based on a 30-day rate lock for the purchase of a $500,000 single-family detached residence in CA that appraises for $500,000 for a hypothetical veteran qualifying client with a 740 qualifying FICO (credit) score who is borrowing a base loan amount of $500,000 on a VA, 30-year, fixed-rate mortgage, who owns no other properties, and who is escrowing their property tax and insurance payments. Please note that based on your use type and VA disability status, you may or may not have a VA funding fee that is paid to the Department of Veteran’s Affairs. For sake of transparency, we have disclosed the APR reflecting a first time use active-duty funding fee of 2.150% being wrapped into the loan amount.