Our Rates

10 key factors

Why doubt the advertised interest rates?

Online interest rate quotes are like job offers without applying. Similar to job considerations, a loan's rate depends on various factors: credit scores, property type, income, and more. Providing an accurate interest rate without a full application and documentation is impossible. We offer estimates but prioritize building trust by avoiding deceptive practices. Your financial journey with us is based on trust, guidance, and reliability for a lifetime, not just one loan.

  • Credit Scores (FICO)

    Higher FICO scores mean less risk to the lender, so they are able to lower the rate.

  • The Down Payment

    The more you put down on your home, the better the interest rate.

  • The Loan Term

    How many years is the loan for? Most loans are 30 years, but there are options for a 10, 15 and 20 year loan. The shorter the period, the lower the rate.

  • The Loan Type

    Conventional, FHA, USDA, VA and Non-QM are the typical types of loans. The rates vary greatly between them.

  • Interest Rate Lock Length

    You can lock your rate for 7, 14, 21, 30, 45, 60 or even 90 - 120 days. The longer the lock, the higher the rate will be.

  • Discount Points

    Lenders offer the option to "buy down the rate" by paying a certain amount at closing for the lower rate.

  • Interest Rates Types

    There are two basic types: fixed and adjustable. Fixed means it will not ever change. Adjustable rate do change at designated times during the loan and are usually lower than fixed rates.

  • Home Price

    Homes that are priced particularly low or high. We don't often see homes priced too low, but we do see many over the "conforming limits" which can affect the rate.

  • Home Location

    If a home is located in a rural area or has more land than usual, the home may be designated differently which can affect the rate.

  • Home Type

    Primary residence, 2nd home or investment property all affect the rate.

It is impossible for us or any U.S. lender to offer you a precise guaranteed interest rate quote through an advertisement, on Facebook, or even over the phone without a complete application and documentation!

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