Today's Rates
8 July 2024
Fixed Rate Mortgages - Fannie, Freddie - Conventional
CONV 30 YR Fixed: *6.125% @ 1.415 Points (APR 6.30%)
Monthly Payment: $6.08 per $1000 borrowed
CONV 30 YR Fixed: *6.250% @ 1.036 Points (APR 6.39%)
Monthly Payment: $6.16 per $1000 borrowed
CONV 15 YR Fixed: *5.250% @ 1.448 Points (APR 5.53%)
Monthly Payment: $8.04 per $1000 borrowed
CONV 15 YR Fixed: *5.375% @ 1.128 Points (APR 5.61%)
Monthly Payment: $8.11 per $1000 borrowed
Government backed Mortgages - FHA, VA, USDA
FHA 30 YR Fixed: *5.500% @ 1.496 Points (APR 6.38%)
Monthly Payment: $6.12 per $1000 borrowed
FHA 30 YR Fixed: *5.625% @ 1.028 Points (APR 6.46%)
Monthly Payment: $6.21 per $1000 borrowed
(FHA APR based on a sample purchase price of $500,000, with a base loan amount of $482,500, with the required 3.5% down-payment. The true amount of the loan financing will be $490,943, after addition of the FHA Required Upfront Mortgage Insurance Premium of 1.75% of the base loan amount $8443.75, financed, and added into the initial base loan amount. The FHA APR reflects this UFMIP and the required Annual FHA ongoing Mortgage Insurance. Total Monthly payments will decrease after the first year, as borrower pays loan to term. The FHA Annual Mortgage Insurance rate of .55% is calculated from the current and future outstanding loan balances. Every year, at the beginning of every annual billing period, FHA will re-calculate the Annual Mortgage Insurance due for that year, based upon the then, current outstanding loan balance. As the borrower pays Principal Balance down, with continuing payments, the future Annual Mortgage Insurance dues will decrease, so, total monthly payments will also decrease.)
VA 30 YR Fixed: *5.500% @ 1.527 Points (APR 5.86%)
Monthly Payment: $5.68 per $1000 borrowed
VA 30 YR Fixed: *5.625% @ 1.067 Points (APR 5.94%)
Monthly Payment: $5.76 per $1000 borrowed
(VA APR based on a sample purchase price of $500,000, with a base loan amount of $500,000, with NO down payment required. The true amount of the loan financing will be $510,750, after addition of the VA Required Upfront VA Funding Fee of 2.15% of the base loan amount, $10750, added and financed into the base loan amount. The VA APR also accounts for this required Upfront VA Funding Fee. VA loans have NO additional annual dues.)
USDA 30 YR Fixed: *5.625% @ 1.327 Points (APR 6.22%)
Monthly Payment: $6.08 per $1000 borrowed
USDA 30 YR Fixed: *5.750% @ .7660 Points (APR 6.30%)
Monthly Payment: $6.08 per $1000 borrowed
(USDA APR based on a sample purchase price of $500,000, with a base loan amount of $500,000, with NO down payment required. The true amount of the loan financing will be $505,050.51, after addition of the USDA Required Upfront USDA Guarantee Fee of 1.00% of the base loan amount $5050.51, financed, and added into the initial base loan amount. The USDA APR reflects this Upfront Guarantee Fee and the required Annual ongoing Annual USDA Maintenance fee of .35% of the total amount borrowed. Unlike FHA loans, the Annual USDA Maintenance rate is based upon .35% of the original financed loan amount. The annual USDA Maintenance Rate does NOT change yearly, in the future, and is constant, regardless of a decrease in the future outstanding loan balance.)
* Above published rates assume a Purchase or a Rate/Term Refinance only Transaction, Primary Residence, and a Single-Family Residence Property Type.
- Rates are based on a 30-day lock for 07/08/2024 and, unless the rate is locked, rates are subject to change.
- Premium Conventional Loan Rates listed above, BASED on a 780 Minimum Middle Credit Score, 20% Down Required.
- VA Loans Require: 660 Minimum Middle Credit Score, No Down Payment Required.
- FHA Loans Require: 660 Minimum Middle Credit Score, Min 3.5% Down Required.
- USDA Loans Require: 660 Minimum Middle Credit Score, No Down Payment Required.
- A lower credit score than the minimum required credit score shown above for each loan program will result in a higher rate for that loan program.
- Monthly Payment per $1000 borrowed, listed above, for each loan program, will increase, if lender requires an impound escrow account to collect monthly, from the borrower, to pay for, on the borrower's behalf, borrower's annual property taxes and Homeowners Insurance dues,
* Understanding Loan Origination Fee, Points (Pt):
Examples:
- 1 Point (Pt) = 1% of loan amount (.01 X Loan Amount) = Loan Origination Cost.
- .75 Points (Pt) = .75% of loan amount (.0075 X Loan Amount) = Loan Origination Cost.
Cash-out refinances available for all our loan programs listed above, with pricing adjustments. Inquire for our many other loan scenarios. If you can't get approved with us for a Home Loan, you can't anywhere. It's really, that simple.
Services
Home Purchases & Refinances
Home Purchases & Refinances
Home Purchases & Refinances
- FULL spectrum of Purchasing and Refinancing (Rate and Term or Cash-out refinance) finance options for Residential, Investment, and Commercial properties.
- PERSONABLE and HANDS-ON, step by step guidance through the ENTIRE loan process: Application and Initial Loan Approval, Loan Processing, handling of Wholesale Lender, Title/Escrow, Third Party Service Vendors, transaction details, to get your loan closed smoothly, and on time. Experience matters!
- As you can see, from our list of available Loan Products & Programs, ALT-A Niche Home Lending is back! Back, from a 20+ year hiatus. And we are glad! Because, this allows for non-traditional, non-cookie cut type borrowers, such as self-employed borrowers, the possibility of obtaining home financing, and realizing their dreams of home ownership. And we are on top of it! We make sure to stay up to date on all the niche ALT-A lending programs that become available in the market, and partner up with the appropriate Wholesale Lenders, quickly, to make sure, we can offer them to our borrowers, when they become available. We currently have broker relationships with over 11 Nationwide, recognized and reputable Wholesale Mortgage Lenders, to offer you the most competitive rates available and, all the loan programs available, in the market today. Let our experience shop for you! Experience, really does matter!
Loan Products & Programs
Home Purchases & Refinances
Home Purchases & Refinances
- All Conventional Loans - Fixed Rate and ARMS
- All Fannie / Freddie
- FHA
- VA
- USDA
- 1-4 Units Owner / Non-Owner Occupied Investor
- FHA (HECM) and Portfolio Reverse Mortgage Loans
- No Credit Score FHA and VA loans with no added lender overlays
- 2nd Equity and HELOC Loans
- Fixed Rate 2nd Equity Loans
- 2nd - HELOC/Line of Credit Loans
- ALT Loans
- 12 & 24 Bank Statement Only Income Eligibility Loans
- 1 Year 1099 Only Required Income Eligibility Loans
- 1 Year Tax Return Only Required Income Eligibility Loans
- Verification of Employment (VOE) Form Only Required Loans For Salaried Borrowers
- Tax Preparer / CPA P&L Letter Only Required Loans - Self Employed
- Investor DSCR Loans
- Investor DSCR No Ratio Loans / First Time Home Buyer OK
- Asset Based Loans - No Income
- Foreign National Loans
- No Income Stated Owner-Occupied
- No Income Stated Investment Properties
- Sub-Prime Loans
- Sub-Prime / Credit Issue Loans
- No Credit Check/No Job Verification / 30 % Minimum Down & 2 Years of P&I Payment Reserves in an Escrow Account for life of loan. Investment Properties Only
- Commercial Loans
- 4 + Units, Mix Use, Commercial
- This! And more!
About US
About US
About US
Experience Matters! With the Principal Broker having over 25 years of experience in Brokerage Mortgage Lending, you can rest assure, for each unique individual borrower, whether it's a Conventional Loan, an ALT-A, or other portfolio type of Home Loan you are seeking, we seek to find the best possible loan program, and rate, you may qualify for. Experience has guided us to partner with some of the largest, most reputable, most efficient, Conventional Wholesale Mortgage Lenders in the nation, with the most competitive rates available on the market. And since we are local, and smaller, thus, more manageable, we can better control and reduce our Company Overhead Expenses and, pass these savings on to our borrowers. We do not have "set in stone"
profit requirements, like larger companies do,
About US
About US
for each loan, so, we can be more flexible in our
offering pricing, to ensure, our borrowers are getting the most competitive rates available. Our goal: is to be the most Competitively priced Home Mortgage Lender in Hawaii. But, just because we are a small local business, does not mean we have, small functionality; we have all the functionality and resources of the largest companies originating home loans. In addition, we only partner with the best, most reputable, most competitively priced, Wholesale Mortgage Lenders in the nation, allowing us to use their full lending resources. Give us a call, we will be more than happy to quote, and share our rates with you on any given day, on any particular loan program you are seeking. We know what we are doing, because, Experience Matters!
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NMLS ID: 2134619
Hours
Monday - Friday: 9am - 5pm
Saturday: By appointment
Sunday: By appointment
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