Mortgage Rate Assumptions

Conventional / Conforming Purchase: The Conforming purchase loan program terms are based on a loan amount of $350,000, a loan-to-value ratio of 60%, a mid-credit score at or above 740, a debt-to-income ratio below 45%, primary residence, and a 1-unit property.

Conventional / Conforming Refinance: The Conforming refinance loan program terms are based on a loan amount of $350,000, a loan-to-value ratio of 60%, a mid-credit score at or above 740, a debt-to-income ratio below 45%, primary residence, and a 1-unit property.

Home Loan Pre-Approval

A quick pre-approval with exceptional service and low rates.

FHA Home Loans: For the FHA loan programs, a 660 credit score or higher, primary residence, 1 unit, a debt-to-income ratio at or below 43%, and a loan-to-value ratio of 96.5% or lower on purchase transactions. Refinance rates may be different. FHA loans require the home and loan amount to be eligible for FHA financing.

VA Home Loans: For the VA loan programs, a 660 credit score or higher, primary residence, 1 unit, a debt-to-income ratio at or below 43%, and a loan-to-value ratio of 96.5% or lower on purchase transactions. Refinance rates may be different. VA loans require the home and loan amount to be eligible for VA financing.

Jumbo Home Loans: Jumbo mortgage loans are based on a purchase price of $1,500,000.00, a loan amount of $1,000,000.00, primary residence, Single Family Residence, a debt-to-income ratio below 40%, a credit score of 780, and impounds. The rates listed on koloans.com are not a quote or an offer to lend.

Rates listed on koloans.com include one to two points; we offer terms without points.

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, not an offer to lend, or a guarantee to lend. Not everyone qualifies. Everyone’s situation is unique; please get in touch with us for a specific quote. 1-800-550-5538 – Loan Officer Kevin O’Connor.

Free Mortgage Quote