Rates Mortgage Construction - LoanQuoter Sample Site

We offer a variety of construction-to-permanent loan options when you're planning on building a new single family home. Whether you're looking for a fizxed rate or adjustable rate mortgage, we have the product to meet your homebuilding needs. Flexible terms and competitive interest rates make your payments affordable during the construction of your new hoome and after you move into your new home.

We offer a construction loan with "interest only payments" during the construction phase. Interest is only based on the portiuon of the loan as it is advanced. Upon completion of the home, the loan converts to a fully amortizing mortgage without the need of a second closing.

Rates as of Wednesday, August 4, 2010

Points Origination Fee Interest Rate Annual Percentage Rate Payment per $1,000 Payments Apply

30 Year Fixed Rate - Construction

0.000 0.000% 6.375% 6.375% $5.31 Show Payments and Rates

1.000 0.000% 6.125% 6.219% $5.10 Show Payments and Rates

2.000 0.000% 5.875% 6.061% $4.90 Show Payments and Rates

15 Year Fixed Rate - Construction

0.000 0.000% 5.875% 5.875% $4.90 Show Payments and Rates

1.000 0.000% 5.625% 5.774% $4.69 Show Payments and Rates

2.000 0.000% 5.250% 5.546% $4.38 Show Payments and Rates

1/1 ARM Construction
30 Year Term - Caps 2% / 6%

0.000 0.000% 5.125% 3.285% $4.27 Show Payments and Rates

1.000 0.000% 5.000% 3.355% $4.17 Show Payments and Rates

2.000 0.000% 4.875% 3.425% $4.06 Show Payments and Rates

3/1 ARM Construction
30 Year Term - Caps 2% / 6%

0.000 0.000% 5.250% 3.616% $4.38 Show Payments and Rates

1.000 0.000% 5.125% 3.661% $4.27 Show Payments and Rates

2.000 0.000% 5.000% 3.715% $4.17 Show Payments and Rates

Rates are subject to change without notice. Loan limits and other restrictions may apply.

Annual Percentage Rate (APR) quoted above are based on a representative $100,000 loan amount, with 20% down payment/equity for the stated term and include the points listed. Rates are not guaranteed until lock-in and subject to change without notice. All loan applications subject to credit underwriting and property approval. Homeowners' Insurance and flood insurance (PMI) if your downpayment/equity is less than 20%.Loan rates are for a first lien position on 1-4 family owner-occupied residences.

All Adjustable Rate Mortgage (ARM) APR's are predicated on a 30 Year Amortization. ARM rates are based on a 1 or 3 year TBill Index with a margin of between 2.625 and 3.125 depending on product. The Seven/Three Year ARM rate is based on the 3 Year TBill. All adjustable rates mortgages (ARM) products are variable and may change after consummation of the loan. Any increase in APR will result in a higher payment.

Appraisal fees: $300 single family - $500 for a 2-4 family

*Available for owner occupied 1-4 family homes on only