Assumptions

Mortgage Rate Assumptions And Disclosures:

The conforming loan program terms are based on a loan to value ratio of 60%, a mid-credit score at or above 740, debt-to-income ratio at or below 40%, primary residence, 1-unit property, no cash out and impounds. For the FHA loan programs; 620 credit score or higher, primary residence, 1 unit, debt-to-income ratio at or below 43% and a loan to value ratio of 96.5% or lower. Conforming loan amounts are based on a loan amount of $300,000.00 and FHA loans require the home and loan amount to be eligible for FHA financing. Jumbo mortgage loans are based on a purchase price of $1,500,000.00, loan amount of $900,000.00, primary residence, Single Family Residence, debt-to-income ratio below 40% and a credit score of 740.

We do offer mortgage terms for those that might not fit in the above category; call for details. Our rates may or may not include discount points and/or origination fees; the rate tables are generally based on 0.0 – 1.5 points. We have mortgage programs that have points, no points and lender credits to cover closing (aka a “no-cost loan”). Not everyone qualifies. Mortgage rates are subject to change without notice and sometimes change multiple times in one day. The rates listed on koloans.com are not a quote, an offer to lend nor a guarantee to lend. Everyone’s situation is unique; please contact us for a specific quote.  1-800-550-5538 – Loan Officer Kevin O’Connor.