FSA Guaranteed Loans
As of July 1, 2018
As of July 1, 2018
|
Product
FMAC 3-mo FMAC 5-Yr Reset COFI FMAC 10-Yr Reset COFI FMAC 15-Yr Reset COFI Fixed 7-Yr Loan Fixed 15-Yr Loan Fixed 20-Yr Loan Fixed 25-Yr Loan Fixed 30-Yr Loan |
Term
20/25/30 years 20/25/30 years 20/25/30 years 20/25/30 years 7 years 15 years 20 years 25 years 30 years |
Amortization
20/25/30 years 20/25/30 years 20/25/30 years 20/25/30 years 7 years 15 years 20 years 25 years 30 years |
Rate
5.40% 6.15% 6.50% 6.65% 6.10% 6.40% 6.55% 7.00% 7.10% |
Annual, Semi-Annual, Quarterly, & Monthly Payment Options Available For All Products
If Monthly Pay, Then Reduce Rate By .10%
If Loan Amount Is Greater Than $500,000: Deduct .15% | If Loan Amount Is Lower Than $250,000: Add .10%
Maximum loan size of $1,399,000 (effective September 21, 2015)
All loans have a loan fee due FSA in the amount of 1.5% of the guaranteed amount (90% of the loan amount), in addition to fees charged by lender.
If Monthly Pay, Then Reduce Rate By .10%
If Loan Amount Is Greater Than $500,000: Deduct .15% | If Loan Amount Is Lower Than $250,000: Add .10%
Maximum loan size of $1,399,000 (effective September 21, 2015)
All loans have a loan fee due FSA in the amount of 1.5% of the guaranteed amount (90% of the loan amount), in addition to fees charged by lender.
