Welcome to the Century Preferred Mortgage rates page. Complete an online application today!

Rates are subject to change without notice. 

PROGRAM: MAX LOAN AMOUNTS AS OF 01/01/09:

VA UP TO $417,000 MAX FOR ZERO DOWN

VA JUMBO UP TO $1.5 MILLION

FHA CONFORMING: UP TO $355,350 MAX

CONFORMING REGULAR: UP TO $417,000 MAX

NON CONFORMING (JUMBO): $417,001 TO $650,000 MAX

(2009 MAX LOAN LIMITS FOR RIVERSIDE & SAN BERNARDINO COUNTIES)

*VA JUMBO LOAN EXAMPLE:

THE FIRST $417,000 OF THE VA LOAN = $0 DOWN

ANY AMOUNT IN EXCESS OF $417,000 = 25% DOWN PAYMENT ON THAT AMOUNT

EXAMPLE: A TOTAL LOAN OF $450,000 WOULD BE $33,000 OVER THE NO MONEY DOWN LIMIT OF $417,000

YOUR 25% DOWN PAYMENT ON THAT $33,000 = $8,250 (1.83% DOWN)

THE BUYER (OR SELLER) IS REQUIRED TO PAY A VA FUNDING FEE IN CASH UP FRONT

THE FUNDING FEES CANNOT BE FINANCED ABOVE CONFORMING LOAN LIMIT OF $417,000

BORROWER/SELLER PAYS THE FUNDING FEE IN CASH FOR LOANS BETWEEN $417,000 AND $1.5 MILLION

 

INTEREST RATES AS OF 12/31/2008

LOAN PROGRAM

MIN.

DOWN

MAX LOAN AMT

MIN

FICO SCORE

DOC

TYPE

INT RATE AS OF

12/31/2008

COSTS

(Points)

VA LOAN

0%

$417,000

620

FULL

4.875

0 PTS

VA JUMBO LOAN

Varies-*see example above

$1.5 MIL

660

FULL

5.375

0 PTS

FHA CONF 30 YR FXD

3.5%

$355,350

580

FULL

4.875

0 PTS

CONF REG. 30 YR FIXED

5%

$417,000

720

FULL

4.750

0 PTS

NON CONF (JUMBO) 30 YR FIXED

15%

$650,000

720

FULL

7.375

2.250 PTS

CONF REG. 30 YR FIXED -2ND HOME

15%

$417,000

720

FULL

4.875

0 PTS


Century Preferred Mortgage 1505 South D Street Suite 101 San Bernardino, CA 92408
Phone: Fax:

Copyright © 2009 Century Preferred Mortgage
Portions Copyright © 2009 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map