As of: 3.30.2025Rates are based on the most current available data and are subject to change.
Saleable Conventional Mortgages - Serviced by PTC.
For 2nd Home or Investment properties please contact a lender.
APR4
Payment per $1000
(Primary Residence) Servicing Released
(Servicing Released)
Additional Programs and Rates available on VHFA Website (https://www.vhfa.org/homebuyers/rates)
Fixed Rate Option2a
Variable Rate Option2b
2a Fixed Rate Option rate lock period is for 120 days. Annual Percentage Rate, APR, includes only interest and no other costs. APR is fixed during the 10 year draw period and the 10 year repayment period. Minimum monthly payment during the 10 year draw period is interest only payments followed by 10 year fully amortized payment. If $10,000 was outstanding, the required minimum monthly payment during the draw period would be 120 monthly payments of $63.70 and during the repayment period 120 monthly payments of $118.74.
2b Variable Rate Option rate is locked the preceding business day before loan closing date. Annual Percentage Rate, APR, includes only interest and no other costs. Variable Rate APR is Wall Street Journal (WSJ) Prime Rate plus a current margin of -1.00%. Variable Rate HELOC has a variable rate feature which can adjust monthly during the 120 month draw period and the 120 month repayment period on the first calendar day of each month and has a floor rate of 4.00% APR and maximum APR of 15.00%. Minimum monthly payment during the draw period is monthly accrued interest as of the billing statement and will not reduce the principal balance. Minimum monthly payment during the repayment period is 1/120th of outstanding principal balance at the beginning of the repayment period plus monthly accrued interest as of the billing cycle.
2a & 2b Generally, all associated HELOC closing cost fees are paid by PTC unless an appraisal or subordination is required and fees may range from $0-$750. Minimum loan amount of $10,000 and maximum loan amount is based on combined loan-to-value up to 80%. Property insurance is required. Loan is subject to credit approval. Consult a tax advisor regarding the deductibility of interest and charges.
The monthly payment may be higher if escrows for property taxes and homeowners insurance are applicable.
Important Loan Information:
Interest rates and points are subject to change without notice, and may vary based on loan program, term, credit quality, loan amount, and property type. All loans are subject to credit approval. The Annual Percentage Rates (APRs) disclosed above assume a loan amount of $125,000, 25% down payment on the purchase of an owner occupied one unit dwelling and a credit score of at least 780 except for Investment properties are non-owner occupied. The APR does not include all the closing costs. Rate lock period quoted is for 60 days for all products except Home Equity Loans and VHFA is 90 days. Saleable conventional and government loans may have Servicing Released following the guidelines, pricing and fee structure of that investor. If an escrow account is required or requested, the actual monthly payment will be higher to include amounts for real estate taxes and insurance(s), if applicable. Loans with a Loan To Value, LTV, exceeding 80% will require Private Mortgage Insurance, PMI. ¹ $500 Loan Administration Fee Applies. 2$850 Loan Administration Fee Applies. 4$300 Loan Administration Fee Applies. 5 APR based on $125,000 loan amount, 12 month term with Interest Only Payments followed by a Modification to Home Equity Loan at 7.75%, 15 year term with a monthly principal and interest payment of $1,176.59.
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