Chattanooga Mortgage Rates for 4/22/2013


According to Tom McNeil at First Bank Here are todays interest rates.

****** Better Scores Qualify for Better Rates on all Products****

FHA – 30 Year Fixed (based on 640 score)
3.5% down required
Rate Origination Discount Points
3.375 0 0
3.250 1 0

Conventional – 30 Year Fixed (based on 740 score)
5% down required
Rate Origination Discount Points
3.500 0 0
3.375 1 0

Conventional – 15 Year Fixed (740 MS)
5% down required
Rate Origination Discount Points

2.750 0 0
2.500 1 0

Conventional–5/1 ARM(740MS)**90%Max*
5% down required
Rate Origination Discount Points
NA 0 0
2.750 1 0

Jumbo 5/1 ARM 5/2/5 (LIBOR)
20% down required 740 score
Rate Origination Discount Points
3.250 0 0
2.625 1 0

Jumbo – 30 Year Fixed
25% down required 740 score
Rate Origination Discount Points
4.000 0 0
3.875 1 0

Same day approvals
Heloc are available-80/5/15, etc.
Construction Loans Available
Rates may vary due to ; credit score, loan amounts, subject property type
Other Loan Products are Available; VA, Rural Development, THDA

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