Our portfolio true jumbo mortgage rates held steady for the most part this week in Eastern Pennsylvania. Despite the 2009 conforming loan limit remaining at $417,050 in Bucks County, Chester County, Montgomery County, Lehigh County, Berks County and Northampton County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances
Currently we have the following Jumbo Rates with 0 points as of business close on 2/20/09, (remember rates subject to change without notice and subject to qualification):
10/1 ARM
30/15 Balloon
Call for customized, personalized rate quotes at 908 531 6170 or toll free at 800-999-2489 x7972.
30 Year Fixed
15 Year Fixed ***Call Michael Byrne for details and a customized quote***
5/1 ARM, 7/1 ARM, Interest-Only and other programs available just call or email at mbyrne@gateway-funding.com or naitch6203@yahoo.com
I have found the 30/15 Loan to be a popular one as of late: a slightly lower 30 Year Fixed amortization that just simply balloons after 15 years: I don't remember the last time I saw a credit report where someone had the same loan for 15 years.
Typical minimum FICO scores of 680. Full Doc loans only. Subject to verification of post closing assets and full underwriting.* Interest-only programs available as well, please contact me directly for details.
With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.
Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000 for purchases and rate/term refinances.
We also offer competitive pricing on FHA, VA and Conventional Loans in PA.We also have in-house underwriters and closers, all under the same roof.
We also have other Jumbo and Super Jumbo Products available in the surrounding Chester and Bucks County area, including our 80/10 loan program and a bi-weekly equity builder loan program. Call for details on these ever-changing products.
I always welcome all questions and requests for information. Call me today for a customized loan quote.
Michael Byrne
908 531 6170 Cell
* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for 30year, 15 year and 30/15 fixed rates over 750k, .125% for 10 year fixed rates over 750k, and .375% for 20 Year Fixed rates over 750k.
Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2008 Gateway Funding Diversified Mortgage Services, L.P.
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