A Lower Rate Can Make a Difference


A Lower Rate Can Make a Difference.

 

A Lower Rate Can Make a Difference

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Our lower rate loans CAN make a difference! The following examples show the difference using only a 1 percent rate difference:

Example 1:
  • $650 principal and interest payment:
  • 7 percent = $97,700 loan amount
  • 6 percent = $108,414 loan amount
    What this does for you:
    • Lower rate increases loan/sales price by $10,714
    • Expands selection of homes for clients
    • Increase commissions
Example 2:
  • $550 principal and interest payment
  • 7 percent = $82,669 loan amount
  • 6 percent = $91,735 loan amount
    What this does for you:
    • Lower rate increases loan/sales price by $9,066
    • Expands selection of homes for clients
    • Increase commissions

  • Interest Rates

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     KHC Mortgage Interest Rates

    Reservation System Open Monday – Friday from 10:00 a.m. to 9:00 p.m.

    Rates subject to change without notice.

    Secondary Market Interest Rates

    45-Day Lock

    Loan Type

    Rate without Down Payment Assistance

    Rate with Down Payment Assistance

    FHA, VA & RHS

    • 640 credit score
    • AUS approval
    • Purchases & Refinances

    3.500%

    4.000%

    Conventional

    • No MI required
    • LTV 80.01% -97.00%
    • 680 credit score
    • *DU AUS approval
    • Purchases only

    4.250%

    4.750%

    Mortgage Revenue Bond Interest Rates

    60-Day Lock

    Loan Type

    Rate without Down Payment Assistance

    Rate with Down Payment Assistance

    FHA, VA & RHS

    • 640 credit score
    • AUS approval
    • Purchases only

    3.500%

    4.000%

    Conventional

    • No MI required
    • LTV 80.01% -97.00%
    • 680 credit score
    • *DU AUS approval
    • Purchases only

    4.250%

    4.750%

     * Run through DU for Approve/Eligible BEFORE reserving with KHC.  Select HFA Preferred Risk Sharing program located on Additional Data Screen.

     
    For more information contact:

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2 thoughts on “A Lower Rate Can Make a Difference

  1. Pingback: A Lower Rate Can Make a Difference | Kentucky FHA Mortgage Loans

  2. Pingback: Greater Louisville Association of Realtors Homes Sales for Jefferson County Kentucky, Bullitt County Kentucky, Oldham County Kentucky | Kentucky First Time Home Buyer Mortgage Loan

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