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Welcome to the Century Preferred Mortgage rates page. Complete an online application today!
Rates are subject to change without notice.
Steven Olvera (Se Habla Espanol)
Loan Officer at Century Preferred Mortgage.
PH. (909) 772-9624
Fax. (909) 381-6635
solvera@centurypreferredmortgage.com
PROGRAM: MAX LOAN AMOUNTS EFFECTIVE 7/06/2010:
VA UP TO $417,000 MAX FOR ZERO DOWN
VA PLUS UP TO $1.5 MILLION
FHA STANDARD: UP TO $417,000 MAX
FHA JUMBO UP TO 500,000 MAX
CONFORMING: UP TO $417,000 MAX
NON CONFORMING (JUMBO): $417,001 TO $650,000 MAX
(2010 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 05/25/2010
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LOAN PROGRAM |
MIN.
DOWN |
MAX LOAN AMT |
MIN
FICO SCORE |
DOC
TYPE |
OCCUPANCY |
RATE |
COSTS
(Points) |
|
VA LOAN |
0% |
$417,000 |
620 |
FULL |
PRIMARY |
5.000 |
0 PTS
|
|
VA JUMBO LOAN |
Varies-*see example below |
$1.5 MIL |
660 |
FULL |
PRIMARY |
5.125 |
0 PTS
|
|
FHA 30 YR FXD |
3.5% |
$417,000 |
620 |
FULL |
PRIMARY |
4.875
|
0 PTS
|
|
FHA JUMBO |
5% |
$500,000 |
680 |
FULL |
PRIMARY |
5.000
|
0 PTS |
|
CONF REG. 30 YR FIXED |
10% |
$417,000 |
680 |
FULL |
PRIMARY |
4.999 |
0 PTS
|
|
NON CONF (JUMBO) 30 YR FIXED |
20% |
$650,000 |
720 |
FULL |
PRIMARY |
5.250 |
0 PTS
|
|
CONF REG. 30 YR FIXED -2ND HOME |
20% |
$417,000 |
720 |
FULL |
2nd HOME |
5.250 |
0 PTS
|
|
CONF REG. 5/1 ARM |
5% |
$417,000 |
740 |
FULL |
PRIMARY |
4.250 |
0 PTS
|
|
CONF REG. 3/1 ARM |
20% |
$417,000 |
740 |
FULL |
PRIMARY |
4.000 |
0 PTS
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PROGRAM: MAX LOAN AMOUNTS EFFECTIVE 07/30/2009:
VA UP TO $417,000 MAX FOR ZERO DOWN
VA PLUS UP TO $1.5 MILLION
FHA STANDARD: UP TO $417,000 MAX
FHA JUMBO UP TO 500,000 MAX
CONFORMING: UP TO $417,000 MAX
NON CONFORMING (JUMBO): $417,001 TO $650,000 MAX
(2010 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
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