For purchase or refinance transactions of residential
lot. Intended future purpose of primary or second home.
(Cash out refinance not available, just to refinance existing loan)
Lot Loans with income verification
Rate
Points
APR
6.75%
1.750%
7.058%
Lot Loans without income verification
Rate
Points
APR
7.125%
1.75%
7.440%
Loan to value ratios
to 75% on loans up to $250,000
to 70% on loans from $251,000 to $500,000
Low Doc Program (income not normally verified))
to 70% for loans up to $250,000
to 65% for loans up to $500,000
Rates vary with geographic location
APR is abbreviation for annual percentage rate
Rates change frequently and these rates may not reflect the latest market
conditions
Expressed interest rate may change or be unavailable at commitment or closing
Rates based on primary residence, purchase transaction, with tax and insurance
escrows
Re-finance rates may be slightly higher
Some loans may have pre-payment penalties
Rates on some programs may require higher down payments
This is only a brief summary of rates and programs and possible fees, call for additional
information on underwriting requirements
and program limitations. Guidlines posted here are general in nature and
subject to change without notice.
Rates must be locked by phone or in person.
Mortgage calculators are believed to be accurate but results are not guaranteed
Bill Meyers is employed as a mortgage loan consultant for one of the
nation's largest residential lenders. Bill works as an employee and not a mortgage broker.
This is Bill's personal web site and not the official web site of any bank or
mortgage company. Please consider all information posted on this site
to be general in nature and representative of mortgage rates and policies that
may be available from various sources. Bill is located in Naples Florida.
Bill can be reached on his cell phone at 239-566-8484 or toll free
at 877-994-9589. His office phone number is 239-659-7366. Please
call for additional information.
