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LOAN ASSUMPTIONS
Conventional First Mortgage
Disclosed rate assumes a $350,000 purchase loan or rate and term refinance loan on an owner-occupied, detached, single family residence, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, 75% loan to value with no subordinate debt. If these factors are not met, you may still qualify for a loan but higher rates may apply. Subject to underwriting approval. Not all applicants will qualify.
Estimated 3rd Party Charges in a Refi that are covered in the 'No Closing Cost' Option:
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ALTA $500.00
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Sub-escrow $95
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Wire fees $60
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Endorsements $50-75
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Recording $125
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Special messenger fees $40
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Escrow Fee $595.00
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Doc prep (if any are prepared) $50
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Wire fee $30
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Email documents $50
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Notary/signing fee $195
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Underwriting $995
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Appraisal $500
TOTAL = $3,300+/- (.094%)
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