MORTGAGE RATE ASSUMPTIONS

Rates shown assume a purchase or rate term refinance.
Rates may be higher for cash out refinance transactions.
Rates are subject to change without notice.
Rate is guaranteed with a 30 day rate lock.
Closing Costs assume the borrower’s monthly insurance payments and property tax are escrowed.
Rates are subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Rates based on a Florida property.
Mortgage insurance (MI) is not included in the payment quoted. MI will be required for all FHA and VA loans as well as conforming loans where the loan-to-value is greater than 80%.
Rate availability will depend upon an individual’s credit score and details of the loan transaction.
The Interest rates quoted here are subject to change at any time and cannot be guaranteed until locked in after completing application by your Mortgage Expert.

Loan Assumptions

Conforming | 30-Year Fixed – First Mortgage
Disclosed rate assumes a $300,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, no points, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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Conforming | 30-Year Fixed New Construction – First Mortgage
Disclosed rate assumes a $300,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, no points, 80% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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Conforming |15-Year Fixed – First Mortgage
Disclosed rate assumes a $300,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, no points, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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Conforming |10-Year Fixed – First Mortgage
Disclosed rate assumes a $300,000 rate and term refinance with on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, no points, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 10-year fixed rate mortgage transactions have 120 monthly principal and interest payments.
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Bank Statements | 30-Year Fixed – First Mortgage
Disclosed rate assumes a $400,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is self-employed and owns no other properties, minimum 740 FICO credit score, one and half points, 24 months of personal bank statements, 70% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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Condotel | 30-Year Fixed – First Mortgage
Disclosed rate assumes a $400,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, no points, 70% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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Foreign National | 30-Year Fixed – First Mortgage
Disclosed rate assumes a $400,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, no points, 70% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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Jumbo | Non-Conforming 15 and 30-Year Fixed $510,401 to $5,000,000 – First Mortgage
Disclosed rate assumes a $510,401+ rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, three quarters of a point, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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No Tax Return Loan | 30-Year Fixed – First Mortgage
Disclosed rate based on a 30 year fixed-rate mortgage of $400,000, rate and term refinance loan on an owner-occupied single-family residence in Florida, with no subordinate debt, and the appraised value of the subject property sets the loan-to-value (LTV) to a maximum of 60%, on points, borrower has a 740 FICO score, debt-to-income ratio of less than 43%, owns no other properties, is a U.S. Citizen and at least one borrower is self-employed. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval including, but not limited to, verification of acceptable income, assets and collateral. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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Non-Warrantable Condo | 30-Year Fixed – First Mortgage
Disclosed rate assumes a $400,000 rate and term refinance loan on an owner-occupied single family residence in Florida, borrower is self-employed and owns no other properties, minimum 740 FICO credit score, no points, 70% loan to value with no subordinate debt. If these factors are not met, you may still qualify. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments.
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FHA | 30-Year Fixed
Disclosed rate assumes a $300,000 purchase loan with 1.750 percent borrower paid up-front mortgage insurance premium and .80 percent monthly mortgage insurance premium on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, one and a half points, 96.50% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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FHA New Construction | 30-Year Fixed
Disclosed rate assumes a $300,000 purchase loan with 1.750 percent borrower paid up-front mortgage insurance premium and .80 percent monthly mortgage insurance premium on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 96.50% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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FHA High Balance | 30-Year Fixed
Disclosed rate assumes a $500,000 rate and term refinance loan with 1.750 percent borrower paid up-front mortgage insurance premium and .850 percent monthly mortgage insurance premium on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 96.50% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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USDA | 30-Year Fixed
Disclosed rate assumes a $300,000 rate and term refinance loan with 1.00 percent borrower paid up-front guarantee fee and .35 percent monthly mortgage insurance premium on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 101.00% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
Click here to see what is my rate & payment.

USDA New Construction | 30-Year Fixed
Disclosed rate assumes a $300,000 rate and term refinance loan with 1.00 percent borrower paid up-front guarantee fee and .35 percent monthly mortgage insurance premium on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, one and a half points, 101.00% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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VA | 30-Year Fixed
Disclosed rate assumes a $300,000 purchase loan with a 3.300 percent VA Funding Fee on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 100% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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VA New Construction | 30-Year Fixed
Disclosed rate assumes a $300,000 purchase loan with a 3.300 percent VA Funding Fee on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, one and a half points, 100% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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VA IRRRL | 30-Year Fixed
Disclosed rate assumes a $300,000 interest rate reduction refinance loan, no cash-out with a .500 percent VA Funding Fee on an owner-occupied single family residence, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 100% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
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VA High Balance | 30-Year Fixed
Disclosed rate assumes a $500,000 cash-out refinance loan with a 3.300 percent VA Funding Fee on an owner-occupied single family residence, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 100% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
Click here to see what is my rate & payment.

VA High Balance IRRRL | 30-Year Fixed
Disclosed rate assumes a $500,000 interest rate reduction refinance loan, no cash-out with a .500 percent VA Funding Fee on an owner-occupied single family residence in Florida, borrower is not self-employed and owns no other properties, minimum 700 FICO credit score, no points, 100% loan to value with no subordinate debt. Impounds for taxes and insurance required. If these factors are not met, you may still qualify for a loan. Subject to underwriting approval. Not all applicants will qualify. 30-year fixed rate mortgage transactions have 360 monthly principal and interest payments. 15-year fixed rate mortgage transactions have 180 monthly principal and interest payments.
Click here to see what is my rate & payment.

Rates, loan products & fees subject to change without notice. Your rate and term may vary. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Subject to underwriting approval. Not all applicants will be approved. Full documentation & property insurance required. Loan secured by a lien against your property. Consolidating or refinancing debts may increase the time and/or the finance charges/total loan amount needed to repay your debt. Terms, conditions & restrictions apply. Call 888-259-2257 for details.

Equal Housing Lender

We conduct business in accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988). It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin:

In the sale or rental of housing
In advertising the sale or rental of housing
In the financing of housing
In the provision of real estate brokerage service
In the appraisal of housing
Blockbusting is also illegal

Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination: 1-800-669-9777 (toll free), or 1-800-927-9275 (tdd), or send to:

Office of Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Room 5204
451 Seventh St. SW
Washington, DC 20410-2000

Or online: http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/online-complaint

Fair Lending Policy

It is our policy to comply with the Equal Credit Opportunity Act and the Fair Housing Act. In addition, it is our policy to comply with state laws that provide greater protection. Fidelity Home Group does not discriminate against any applicant on the basis of race; color; religion; creed; national origin; ancestry; sex; marital status; familial status (number and age of children); sexual orientation; age (provided that the applicant has the capacity to enter into a binding agreement); medical history; disability; physical condition; military status; because the applicant has in good faith exercised any right under the Consumer Credit Protection Act or the Service members Civil Relief Act (SCRA); that all or part of a consumer’s income derives from a public assistance program; or any other basis prohibited by law.

At Fidelity Home Group, we do not discriminate against any applicant or discourage anyone on a prohibited basis from submitting an application. To assure that our employees have a clear and unequivocal statement of our commitment to a nondiscriminatory method of doing business, we have adopted the following fair lending policy. Employees must be thoroughly familiar with this policy and follow it.

We do not discriminate against a loan applicant or borrower on the basis of race, color, religion, national origin, sexual orientation, handicap, age, the fact that all or part of an applicant’s income comes from any public assistance program or because the applicant has exercised any right under any relevant state or federal law.
We do not selectively encourage applicants and we take no action that would, on a prohibited basis, discourage a reasonable person from applying for a mortgage loan.
We do not, on a prohibited basis, refuse to make a loan, vary the terms offered including the amount, interest rate, period or type of loan, or use different standards to evaluate collateral or decide whether to extend credit.
We avoid practices or policies that have a discriminatory effect. This rule applies to all phases of our mortgage lending business. It applies even though we do not intend the policy or practice to be discriminatory and even if the policy or practice appears to be neutral.
We have adopted nondiscriminatory loan underwriting standards that avoid subjective, unwritten rules that can have a discriminatory effect. We make these underwriting standards public upon request at each of our offices.
We make sure that our scoring system is empirically derived and statistically sound and uses no prohibited basis other than age as a predictive factor.
We train our loan personnel in the principles of fair processing and underwriting.
Our Quality Control Manager regularly reviews both our loan underwriting standards and the business practices by which we implement them to determine whether they ensure equal lending opportunity and reports to management.
We periodically review our loan portfolio and applications to make sure that we are serving the community adequately and on a nondiscriminatory basis in light of the community’s demographic characteristics and credit demands.
We conspicuously display the poster in a public area of each of our facilities stating that we are ascribing to the Equal Housing Act. Additionally, on all forms of advertisements, regardless of media, we include the Equal Housing Opportunity logo and/or the Equal Housing Opportunity slogan.

The Housing Financial Discrimination Act of 1977, California Fair Lending Notice

It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of:

Trends, characteristics, or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice.
Race, color, religion, sex, marital status, national origin, or ancestry.

It is illegal to consider the racial, ethnic, religious, or national origin composition of a neighborhood or geographic area surrounding a housing accommodation, or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, and under what terms and conditions, to provide financial assistance. These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation, or refinancing of one- to four-unit family residences occupied by the owner and for the purpose of the home improvement of any one to four-unit family residence.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OBTAINING A MORTGAGE LOAN

To help us prevent fraud and to assist the government in fighting the funding of terrorism and money laundering activities, we are obtaining, verifying, and recording information that identifies each person who applies for and/or obtains a mortgage loan. What this means for you: When you apply for and/or obtain a mortgage loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Mortgage Glossary

Annual Percentage Rate (APR): Total yearly cost of the loan which includes the interest rate and other prepaid finance charges.

Conforming Mortgage: A conforming loan meets, or conforms to, the underwriting guidelines used by Fannie Mae and Freddie Mac. These two organizations, along with FHA establish the minimum acceptable criteria for home loans in the United States.

Discount Points: A prepaid cost to the lender at closing to lower your mortgage interest rate. One point is equal to one percent of the loan amount. (For example: 1 point on a $100,000 loan would cost $1,000).

Escrow: Refers to an account held by the lender into which the homebuyer deposits money for tax or insurance payments.

FICO Credit Score: FICO is the abbreviation for the Fair Isaac Corporation. Each borrower is issued three FICO credit scores provided by three major credit reporting agencies: Equifax, Experian and TransUnion. FICO Credit Scores range from 300-850 and are based on your credit payment history, amounts owed, length of history, new credit and types of credit used. The higher your score, the better your FICO rating.

FHA Mortgage: An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). FHA loans require a lower minimum down payments and credit scores than many conventional loans.

Non-conforming Mortgage: A non-forming loan is commonly referred to as a jumbo loans. Jumbo loans exceed the conforming loan limits of $484,350 for 2019 and have different underwriting guidelines due to the higher risk.

VA Mortgage: A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA).The basic intention of the VA home loan program is to supply home financing to eligible veterans and to help veterans purchase properties with no down payment.