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Rates as of 5/9/08

Program Rate Points APR
30 year fixed* 6% 0 6.066%
5/1 ARM* (5/2/5 caps) 5% 2 5.90%
30 year fixed FHA
30 year fixed VA
6.25%
6.5%
0 6.741%
6.991%
15 year fixed* 5.875% 0 6.004%
       

(loan amounts over $417,000)

     
Jumbo 30 year fixed* call call call
Jumbo 15 year fixed* call call call
Jumbo 1 year ARM ($417k - $650k)* 6.625% 0 7.101%

Many factors enter into our pricing, you may be eligible for a better rate or lower closings costs depending on your exact scenario and credit score.  Please call for more information. Non FHA/VA rates above assume a credit score of 680 or better.

Rates subject to change without notice and are for 30 day rate locks. Many other programs available including 100% financing and interest only!

Jumbo loans are loan amounts greater than $417,000. Please call us about programs that allow you to get non-jumbo rates and borrow more than the jumbo limit!

*These rates are all with $0 in origination/mortgage broker fees and are based upon the following scenarios for qualified buyers with loans over $130,000: purchases and rate and term refinances with loan to value ratios of 80% or less, cash out refinances with loan-to-value ratio of 70% or less.

Many other programs available!  Call 860-295-8000 or 800-728-RYAN for details!

Typical Closing costs are:
Appraisal - $325
Tax Service Fee - $73
Administration Fee - $515
Processing Fee - $250
Attorney Fee - $550
Title Insurance - by formula, $482.50 on a $130,000 loan ($710 on a $200,000 mortgage, $1035 on a $300,000 mortgage)
Recording Fee - $120