Posted by Carmen Isais
Written by Steve Goldstein
First Northern is a direct Freddie lender meaning we have a direct channel for information on the new Conforming Jumbo programs – in fact we have multiple channels due to our correspondent relationships with other Freddie and Fannie lenders. Some brokers may not have full access to rates and pricing yet, but here at FNB we’re ready to do business with you. Now.
Following are today’s rates for 30yr fixed rates loans:
- Owner-occupied: 6.875%, to 85% LTV with PMI + 700 fico, to 70% with 660 fico.
- Investment: 7.375%, to 55% LTV with 660 fico.
(APR varies. 5yr, 15yr and interest-only terms also available.)
Remember, with a loan at the new Conforming Jumbo limit: 20% down payment + $580,000 loan = $725,000 purchase price.
Spring is here, let’s get the party started.
Steve Goldstein Licensed Mortgage Specialist
530-297-3909
First Northern Bank — Real Estate Lending Department
624 2nd Street (next to the historic Varsity Theater)
Davis, CA 95616
