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Michiana Mortgage Rates for the week of January 4, 2012

From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank
906 W Edison Rd. Mishawaka, IN 46545

Mortgage Loan Interest Rates

Interest Rates and Annual Percentage Rates (APRs) are effective as of: 01/04/2012

FIXED RATES 0 points APR * 2 points APR *
30 YEAR 4.000 4.038 3.500 3.703
20 YEAR 3.750 3.804 3.250 3.534
15 YEAR 3.250 3.323 2.750 3.115
10 YEAR 3.250 3.356 2.750 3.282

ARM RATES 0 points APR **
3/1 ARM 3.250 2.997
5/1 ARM 3.750 3.220
7/1 ARM 4.000 3.440
10/1 ARM 4.500 3.924

FHA RATES 0 points APR **
30 Years 4.125 5.059
20 Years 4.000 5.271
15 Years 3.875 4.541

FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.

Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.

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South Bend IN. Mortgage Rates for the week of October 4, 2011

 

From the desk of:
Maribeth Roncz
Loan Officer
First Federal Savings Bank  
906 W Edison Rd. Mishawaka, IN 46545
     

Mortgage Loan Interest Rates

Interest Rates and Annual Percentage Rates (APRs) are effective as of: 10/04/2011 Read the rest of this entry »

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Update!! Homepath Buyers Incentive

HomePath® Buyer Incentive

Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through June 30, 2011.

The HomePath property buyer must meet the following qualifications to be eligible:
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Fannie Mae Homepath Financing Program

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed.

Read the rest of this entry »

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HUD approved Condominium lookup

If you’re looking in to purchasing a condominium or townhome using FHA as a loan product, be sure to make sure the property you are wanting to purchase is HUD approved.  To verify a property is HUD approved visit this site and enter the required information.

 https://entp.hud.gov/idapp/html/condlook.cfm

For information on Condominiums and Townhomes available in the South Bend or Notre Dame area visit www.ND-Condos.com.