Now that we’re a full week into the government shutdown, many lenders have made adjustments to their 4506-transcript requirements, using alternative means of income verification. Investors are challenged as to where to put their money because, in addition to the government shutdown, the debt ceiling will be reached – triggering yet another fiscal crisis. Advice at this point is to lock rather than gamble with rate reactors. Also, you might want to check with your currently pending loan lenders – to determine what measures they are using in lieu of 4506 transcripts.
|
ANASAZI MORTGAGE RATES* FOR Primary Residence (purchase only) As of 10/07/2013 *Programs require borrowers meet specific qualifications, not limited to credit scores, income, debt ratios, and other lender guidelines |
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| FIXED RATE Mortgages to $417,000 (Conforming) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.00% |
4.124% |
4.25% |
4.290% |
| 15-YR |
3.125% |
3.340% |
3.375% |
3.444% |
| FIXED RATE Mortgages $417,001 – $2,500,000 (Jumbo) | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 30-YR |
4.625% |
4.733% |
5.25% |
5.272% |
| 15-YR |
3.875% |
4.059% |
4.50% |
4.536% |
| ADJUSTABLE RATE Mortgages to $417,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 5/1 ARM |
NQ |
— |
3.00% |
6.084% |
| 7/1 ARM |
NQ |
— |
3.375% |
5.976% |
| ADJUSTABLE RATE Mortgages $417,001 – $2,500,000 | ||||
|
w/ 1 Point |
APR |
w/ no Point |
APR |
|
| 5/1 ARM |
3.125% |
6.270% |
NQ |
— |
| 10/1 ARM |
4.125% |
5.991% |
4.50% |
6.337% |
|
Mortgages up to $2,500,000, other ARM Products & Interest Only programs are also available – Please call for Quotes. |
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Ginger Bowe Sullivan
ANASAZI MORTGAGE
1000 Cordova Pl, #56
Santa Fe, NM 87505
Phone: 505-995-8888
Toll-Free: 800-995-8888 (if calling outside Santa Fe)
Fax: 505-995-8885