March 9, 2012

RATES as of March 9, 2012 (UNCHANGED for the week)

The following assumptions apply:
• 20% Down Payment (Conforming) / 25% Down Payment Jumbo (Lower down payments available – call for details)
• 1% Origination Fee
• Escrows Required (if no escrow, higher fees may apply)
• Purchase Transactions, Primary Residence (Refinances have different rates)
• 30 day closing
• Credit Score 740 +
• Debt to income ratio <=40%
• Full Documentation of Income/Assets

Conforming ($200,000* - $417,000) Jumbo ($417,001- $1,000,000*)
10 year (fixed) 2.875% APR 3.189% 15 year ( fixed ) 3.625% APR 3.846%
15 year (fixed) 3.125% APR 3.343% 30 year ( fixed ) 4.250% APR 4.377%
30 year (fixed) 3.875% APR 4.000%
7/1 ARM 3.000% APR 3.283% 5/1 ARM 2.875% APR 3.274%
7/1 ARM 3.250% APR 3.400%
5/1 ARM 2.750% APR 3.230% 10/1 ARM 3.500% APR 3.546%

FHA/VA call for quote (max loan $270,000) 5/5 ARM 3.125% APR 3.047%









We do originate loans below $200,000. These amounts are chosen to show the most favorable rates.

For other product options or for loan amounts less than $200,000 or above $900,000 please call for quote.
Call for details!


If you know of someone who would appreciate my services, please contact me with their name and number and I will be happy to help them!

Jennifer Hernandez & Team
Kenny, Brianna, Jason, and Jose
Patriot Bank Mortgage
NMLS# 514497

Office: 713-337-8400
E-mail: jennifer@patriotbankusa.com
Website: www.applywithpatriot.com