Mortgage Rates Assumptions

Mortgage Rate and Annual Percentage Rate (APR) Assumptions


  • Based on a purchase of a single-family, detached, owner-occupied primary residence;
  • Loan-to-value ratio of less than 80%;
  • Minimum FICO (credit) score of 740;
  • Conventional Loan with Loan amount of $300,000 for conforming loans or $500,000 for jumbo loans, unless otherwise specified.
  • 30 Day Rate Lock.
  • No subordinate financing.
  • Full documentation required.
  • Rates may very for loan amounts under $300,000 conforming loans and over $500,000 for jumbo loans. Please call for details.
  • Rates are subject to change without notice.
  • Escrow for property tax and insurance with are required.
  • Subject to underwriter approval; Credit standards apply; not all applicants will qualify.
  • Fees and charges apply.
  • Taxes and insurance are extra.
  • Rates based on Florida property.
  • Restrictions may apply.
  • On refinance transactions, the Annual Percentage Rate (APR) calculations assume a rate and term refinance.
  • On ARM amortization, the Annual Percentage Rate (APR) calculation assumes an indexed rate (Margin + LIBOR/T-Bill Index) after the initial fixed period of the ARM.