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Interest Rate

3.375%

APR

3.602%

Loan Amount

$300,000

Down Payment

0%

Term

30 Years

Monthly Principal & Interest Payment
Excludes taxes and hazard insurance

$1,354.80

Estimated Closing Costs
Includes cost of required discount points

$4,412.42

Rates, terms, and fees as of August 12, 2019 2:26 pm and subject to change without notice.

Rates and terms subject to change based on market conditions and borrower eligibility. The rates shown are based upon a variety of conditions and circumstances. These include a consumer credit score which may vary from your individual credit score. A loan’s interest rate depends upon the specific features of the loan transaction and the borrower’s credit profile up to the time of closing. The advertised rates for 30-year fixed VA products are based on an assumed base loan amount of $300,000.00, $300,000.00 purchase transaction of primary residence, a 780 FICO score with a loan-to-value ratio of 100% maximum (0% Down-Payment) on a primary single family home. The annual percentage rate (APR), is the expense paid for credit over the loan term expressed as an annual rate. The Annual Percentage Rate (APR) displayed for the loan products shown here reflects interest rate and approximate cost of prepaid finance charges / discount points based on rate scenarios shown. The cost of prepaid finance charges are approximations which do not constitute and are not a substitute for the Loan Estimate of Closing Costs (LE) that a borrower receives once they apply for a loan.  For more information regarding our various loan products including no points or closing cost options, please contact us at (407) 704-8729
Please remember that we don’t have all your information. Therefore, the rate and payment result you see may not reflect your actual situation. Florida Home Funding offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call (407) 704-8729 to talk to a licensed loan originator.
Due to various federal, state and local requirements, certain products may not be available in all areas.
The monthly payment amount displayed includes principal and interest. The payment amount does not include homeowner’s insurance or property taxes which must be paid in addition to your loan payment.
The rate is based on base loan amount $300,000.00 (100% loan-to-value) purchase transaction of primary residence for qualified VA eligible borrowers. 740 credit score and a purchase price of $300,000.00 single family home. 30-day lock period. 0.375 discount point included.  APR will also vary based on borrower VA funding fee. The APR on the instant scenario assumes a first time use regular military funding fee of  2.15%.  All loans are subject to borrower meeting VA approval guidelines.
These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score. Your loan’s interest rate will depend upon the specific characteristics of your loan transaction and your credit profile up to the time of closing. For more information, please contact us.

Conventional & FHA Loans

3.625% (3.743% APR)
3.125% (4.180% APR)
3.625% (3.743% APR)
3.125% (4.180% APR)

Rates, terms, and fees as of August 12, 2019 2:26 pm and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.

VA Mortgage Rates

If you’re a U.S. veteran, a 30-year fixed-rate VA mortgage is the best home loan around. With 0% and no closing cost options, whether you’re just starting to shop for a home loan or you’re ready to get pre-approved, I’ll give you all your VA mortgage options, including no closing cost options. Get a free, no obligation rate quote today— no personal information required.

Top VA Mortgage Questions

What are the credit score requirements for VA loans?

Just like conventional 30-year mortgages, VA mortgages require a minimum credit score of 620. If your credit has some dings, you may want to consider an FHA loan, which can go as low as 580.

What is the maximum debt-to-income ratio for VA loans?

Your debt-to-income (DTI) ratio is the percentage of your income which goes to paying current debts. For a 30-year fixed-rate VA mortgages the maximum qualifying DTI is typically 45%. That said, depending on your credit score and cash reserves, some borrowers can still qualify with a DTI as high as 50%.

What is the minimum downpayment for VA loans?

VA loans are unique in the world of home loans in that they require 0% down and 100% financing. Making them, without question, the best mortgage loan available for those who qualify.

What if I have some derogatory events on my credit report?

Most everyone has a had a few dings on their credit at some point. To qualify for a 30-year fixed-rate VA mortgage, you must meet the following requirements:

  • No bankruptcies in the last 4 years
  • No short sales in the last 4 years
  • No foreclosures in the last 7 years (4 years if it was included in bankruptcy)

Mortgage Rate Straight Talk

#1 Mistake People Make When Searching Mortgage Rates

Don’t make this mistake that mortgage rate shoppers make every day. It could cost you thousands.

Don’t make this mistake that mortgage rate shoppers make every day. It could cost you thousands. Read More

Video: What should I avoid when rate shopping?

Video: What's the deal with no closing costs?