Home : Current Interest Rates
 | First Home Program & Operation New Home |
| Rates Effective: 2/1/2010 |
| 30 Year Fixed Rates |
| Points | Rate | APR | Monthly Payment Factor | 2 Points
Buyer or Seller | 4.825% | 5.626% | $5.26 | | 0 Points | 5.125% | 5.738% | $5.44 |
|
Mobile Home Self-Insured
(single-wides on owned or leased land and double-wides on leased land)* |
| Points | Rate | APR | Monthly Payment Factor | 2 Points
Buyer or Seller | 5.825% | 6.012% | $5.88 | | 0 Points | 6.125% | 6.125% | $6.08 |
|
*Monthly Payment Factor Assumes a 30-year term
Mobile Homes
Eligible properties are 20 years or newer single- and double-wides on owned or leased land.
Loan term will be 20, 25, or 30 years depending on the age of the mobile home.
Annual Percentage Rate (APR)
Annual Percentage Rate (APR) is the cost of credit stated as a yearly rate. The APR calculation is based on a $100,000 loan for a 30-year term, and includes points and mortgage insurance fees collected on a Federal Housing Authority Loan. The actual APR may be higher depending on additional mortgage loan fees the participating lender charges the borrower.
Monthly Payment Factor
Multiply the Monthly Payment Factor by the number of $1,000’s in your loan to get the estimated principal and interest payment. Your actual monthly payment will include escrowed property taxes and insurances and therefore will be higher.