Mike’s Real Estate Show

Rates as of 3/30/07

Don’t forget to ask me about the Community Commitment Lending Program.  Great option for first time buyers with little cash down, and even no cash down!  Very competitive rates, some restrictions, but credit scores aren’t an issue.

Seller credits can be used to buy down the clients rate – Ask me how that can help your clients!

Conforming  fully amortized  interest only
30 year fixed 6.125 %   6.25%
3/1 ARM  6.125%   6.375%
5/1 ARM  6.125%   6.375%
7/1 ARM  6.125%   6.5%
10/1 ARM 6.25%   6.50%

   fully amortized  interest only
JUMBO – up to $650,000; add .25 point for loans up to $1mil
30 year fixed 6.5%    6.625%
3/1 ARM  6.25%    6.375%
5/1 ARM  6.375%           6.5%
7/1 ARM  6.50%    6.625%
10/1 ARM 6.75%    6.875%

100% financing: Due to the many changes in the 100% and 100% blended options, I recommend you contact me directly to inquire about rates and options.  For fully documented borrowers there are still many options, as well as stated borrowers with credit scores greater than 700. 

Here’s the fine print:
Conforming limit is $417,000.00.  Rates assume impound account set up and except for 100% financing, assumes loan to value (LTV) no more than 80%.  Funds to be used for purchase.  Cash out refinances may incur higher rates.  Rats quoted with a 30 day lock.  Subject to qualifying borrowers and properties.  Rates quoted for fully documented loans.  Rates are as of 3/30/07 and are subject to change.  Rates are quoted WITHOUT points.  Borrowers may buy down the rate.  Each application is evaluated on an individual basis.  There may be better suited programs for borrowers the may offer better rates/terms as well as options for non-qualifying borrowers. 

Alicia Hodenfield
Investors Trust Mortgage
(707) 284-2718 direct line
alicia@investorstrust.com
www.aliciahodenfield.com