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| 30 Year Fixed |
| 15 Year Fixed |
| First Time Home Buyer Illinois Assist Bond Program |
| 5/1 ARM |
| 3/1 ARM |
| VA 30 Year Fixed |
| FHA 30 Year Fixed |
| USDA 30 Year Fixed |
Rates last updated on Tuesday, April 01, 2008
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30 Year Fixed
Term: 30 years
Maximum Amount: $417,000
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15 Year Fixed
Term: 15 years
Maximum Amount: $417,000
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First Time Home Buyer Illinois Assist Bond Program
Illinois Bond Assist Program
(4.25% of loan amount for Down Payment & Closing Costs)
Term: 30 years
Maximum Amount: $237,031
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- This product is used to help first time hombuyers with their down payment and closing costs (4.25% of the loan amount). Please consult your Loan Officer for detailed information.
- A first time homebuyer is a person that has not owned a primary residence in the last three years.
- Program is subject to change without notice.
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5/1 ARM
Term: 30 years
Maximum Amount: $417,000
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3/1 ARM
Term: 30 years
Maximum Amount: $417,000
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VA 30 Year Fixed
You are eligible for VA home loan veteran benefits if you served on active duty in the Army, Navy, Air Force, Marine Corps, or Coast Guard and were discharged under conditions other than dishonorable after either:
- 90 days or more, any part of which occurred during wartime, OR
181 continuous days or more (peacetime)
If you:
- enlisted (and service began) after September 7, 1980, OR
were an officer and service began after October 16, 1981
You must have completed either:
- 24 continuous months or more, OR
- the full period for which ordered to active duty, but not less than 90 days (any part during wartime) or 181 continuous days (peacetime)
- were discharged for a service-connected disability, or
- were discharged for the convenience of the government after completing at least 20 months of a 2-year enlistment, or completed not less than 90 days (any part during wartime) or 181 continuous days (peacetime),
Term: 30 years
Maximum Amount: $417,000
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FHA 30 Year Fixed
If you are a first time home buyer with little savings, or have had credit issues Mortgage Services III, LLC's FHA mortgage program may best meet your needs.
Facts that make the FHA Loan ideal for the average home buyer:
• Designed for low to moderate income households.
• The Program is credit driven rather than based upon a credit score.
• High Approval Flexibility for Credit Problems.
• No credit history is required to be eligible for a home loan.
• College acts as your job history for those new to the work force.
Term: 30 years
Maximum Amount: $200,160
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| | More FHA Facts:
• You can finance these residential property types:
Single Family Homes, Duplex, Townhouse, and Condo's
• Works easily with Grants and Charities that assist home buyers with Down Payment money.
• Everyone is eligible with no income restrictions.
• Interest Rates are comparable to conventional rates. |
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USDA 30 Year Fixed
Rural Development loans are primarily used to help low-income individuals or households purchase homes in rural areas. The money received from this loan can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites including providing water and sewage facilities.
Term: 30 years
Maximum Amount: $200,160
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| | USDA Rural Development Benefits:
No down payment required if funds are not available.
Payment Assistance may reduce the effective interest rate, thus reducing the monthly payment.
Note interest rate is fixed.
Some closing costs may be included in the loan.
Private Mortgage Insurance (PMI) is not required.
Funds may be used to construct a new home or buy an existing home.
Real Estate Taxes and Insurance are escrowed. |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $1,200. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $1,200. Your actual APR may be different depending upon these factors.
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