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Florida Mortgage Rates
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Associate Mortgage's Rates
and Assumptions
These are a few of our current rates which are updated on a daily
basis for our most requested loans.
These are NOT all of our rates! We have a lot more
programs available from national lender that you know very well, and others you more than likely have not
heard about yet, There are just too many lenders, banks and investors that we work with to list here. We have over 10,000 loan
programs and rates vary per person or borrowers.
The number one reason to work with Associate Mortgage is that we shop for the best
program for you, find the best rate through our resources, and only pull your credit once. Your scores
will not be pulled down while we do the shopping and effort on your behalf.
Contact us for
other mortgages and loan program specifications as well as for a personalized quote for you.
Please note that all published and
non-published rates are based on Assumptions.
See the Assumptions for these published rates.
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Assumptions for our rates:
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Conforming Loans are mortgages or home loan amounts below
$417,000 - up from 2005 loan amount of $333,700!
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All rates provided in our rate table under the Conforming Loan title are based on a loan amount
of $240,000 with a 35 day Lock Rate. This would be 80% of the total
purchase price or appraised value ( which ever is lower). Therefore, the loan amount of $240,000 would be
based on a value or sale price of $300,00.
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Jumbo Loans are loans equal to or greater that $417,000- up from 2005 loan amount of $333,700!:
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The rates provided in our rate table under the Jumbo Loan title are based on a loan amount of
$500,000 which is 80% of the total purchase price or appraised value, which ever is lower. Therefore, the loan
amount of $500,000 would be based on a value or sale price of $625,000.
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Closing costs consist of lender fees and broker fees/costs which are typically financed in the
total loan and is approximately $1,276.00. These fees are considered when calculating the Annual Percentage Rate or APR. The Total Closing Costs including the Appraisal and
Credit Reports which are typically paid Outside of Closing (POC) are $1,608.00.
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GUARANTEED Closing Costs
for Conforming Loan Published Rates |
| Appraisal Fee |
$300.00 |
| Credit Report |
$32.00 |
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Paid Outside of Closing (POC) |
$332 |
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| Application Fee |
-0- |
| Points Fee |
-0- |
| Processing Fee |
$425.00 |
| Administration Fee to Lender |
$690.00 |
| Warehouse/Table Funding to Lender |
$25.00 |
| Courier/Overnight Fee |
$50.00 |
| Flood Certification to Lender |
$11.00 |
| Document Preparation Fee |
-0- |
| Underwriting Fee |
-0- |
| Tax Service Fee to Lender |
$75.00 |
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Closing Costs |
$1,276 |
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TOTAL Closing Costs w/ POC |
$1,608 |
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* Closing Costs of Posted Rate with * Last Updated
07/31/2007
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Closing Costs |
$1,276 |
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TOTAL Closing Costs w/ POC |
$1,608 |
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These loan programs require full documentation (borrower information is verified; e.g., income, employment and mortgage history are checked with those in the know to
confirm the borrower supplied information.) Each borrower
must meet each loan's guidelines and credit requirements.
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Prices change daily and may or may not be updated
each day without notice.
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Rates are quoted based on a
35 day lock period.
If an application has been submitted and approved, a borrower would
be able to obtain the above rates if documentation is submitted on
time and properly per the lender's stipulations.
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Need to calculate a mortgage with the above rates? Visit our mortgage calculator page which also has our rates on the same
page.
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