Current as of July 6, 2018
Interest rate and Annual Percentage Rate quoted assumes, a minimum FICO score of 760 with 40% down payment or a maximum loan-to-value ratio of 60% on a single family detached primary residences in Texas. A minimum loan amount of $453,000 ($300,000 for FHA Loans), payment of property taxes and insurance with monthly mortgage payment (escrows), a maximum debt to income ratio of 41%, full credit and income verification, and required asset reserves. Up-to 3 percentage points may be included in quoted APR.
Advertised APR for Conventional and FHA 30 Year Fixed Rate Mortgage is calculated based on 360 monthly payments.
Advertised APR for Conventional and FHA 25 Year Fixed Rate Mortgage is calculated based on 300 monthly payments.
Advertised APR for Conventional and FHA 20 Year Fixed Rate Mortgage is calculated based on 240 monthly payments.
Advertised APR for Conventional and FHA 15 Year Fixed Rate Mortgage is calculated based on 180 monthly payments.
Advertised APR for Conventional 5 Year Adjustable Rate Mortgage is calculated based on an initial interest rate and 360 monthly payments.
Advertised APR for Conventional 7 Year Adjustable Rate Mortgage is calculated based on an initial interest rate and 360 monthly payments.
Advertised APR for Conventional 10 Year Adjustable Rate Mortgage is calculated based on an initial interest rate and 360 monthly payments.
Advertised APR for FHA Mortgages do not include FHA Upfront Mortgage Insurance Premium. APR will be higher depending on the amount of your Upfront Mortgage Insurance premium payable to Federal Housing Administration. As of the date of this disclosure, FHA Upfront Mortgage Insurance premium ranges between 0.55% to 1.75% of the loan amount depending on the loan term, loan to value ratio, and the purpose of the loan (purchase, refinance, cash-out).