March 30, 2012

Just rates today friends. I promise that after my fundraiser Gala, which is tomorrow…I will have the brain cells back to write some informative content. The last 6 weeks has been a blur, and apologize for my less than informative newsletters!

Enjoy the weekend, Jen



RATES as of March 30, 2012 (DOWN 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 3.198% 15 year ( fixed ) 3.750% APR 3.946%
15 year (fixed) 3.250% APR 3.468% 30 year ( fixed ) 4.500% APR 4.615%
30 year (fixed) 4.000% APR 4.126%
7/1 ARM 3.000% APR 3.278% 5/1 ARM 3.000% APR 3.229%
7/1 ARM 3.250% APR 3.381%
5/1 ARM 2.750% APR 3.224% 10/1 ARM 3.625% APR 3.607%

FHA/VA call for quote (max loan $270,000) 5/5 ARM 3.125% APR 3.212%









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

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Information provided in this e-mail is intended as a tool for Real Estate Agents to be informed of the approximate rates available for home mortgages. It is intended for their sole use and purpose only and is not for distribution to the general public. Depending on the borrower's actual circumstances, such as credit, debt ratios, etc., rates may vary. Special niche products may also be available.