Weekly Mortgage Update: January 30, 2012

FHA 3.75% / Conventional 3.875% / Jumbo 4.625%

Loan Type

(30 yr fixed)

Maximum Loan-to-Value

Minimum Down Payment

Rate*

% Allowed for Seller Paid Closing Costs

Max Loan Amount

FHA

96.5%

3.5%

3.75%

6%

$292,500†

VA

100%

0%

3.75%

6%

$417,000

USDA**

102%

0%

4.00%

6%

varies

Conventional

95%

5%

3.875%

3%

$417,000

Jumbo $1mm

80%

20%

4.625%

6%

$1,000,000

Jumbo $1.5mm

80%

25%

4.875%

6%

$1,500,000

Please call for other available products including: 1,3,5,7 year ARMs

*Rate is an estimate based on a highly-qualified borrower

**Only available in certain rural areas

† Hillsborough & Pinellas only

Mortgage information provided by Mark Mathiasonfrom Mortgage Corporation of America. Please feel free to contact Mark at 813-874-9110 x 201 or markmathiason@mortgageam.com.

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