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Mortgage News
- Today's Rates - 9/3/2010
The following are rates for 3 scenarios. Rates are scenario specific. If you do not see your scenario, contact us and we will be happy to go over it with you.
3.125% (3.482% APR) - 5/1 ARM - $150,000 to $417,000 loan amount - single family residence - primary residence - 20% equity required - minimum 740 FICO - one point origination fee
4.25% (4.362% APR) - conventional loan - 30-year fixed - $200,000 to $417,000 loan amount - single family residence - primary residence - 20% equity required - minimum 740 credit score - one point origination fee
4.25% (5.354% APR ) - FHA loan - 175,000 to $346,250 loan amount - Maricopa County - 30-yr. fixed - minimum 740 credit score - single family residence - primary residence - one point origination fee
Rates are subject to change without notice - To stop the scroll, move your cursor over the scrolling text
Click on Home to re-start the scroll. Click on the RSS feed to see each of the news items. - Daily Updates of Mortgage Products and Programs
The Mortgage News provides daily updates of rates and programs. Visit this daily to keep up-to-date on the mortgage market. - Minimum Credit Score
The minimum credit score needed for any residential loan is 620 - Down Payment Requirements
The following are the minimum down payment requirements and the respective loan programs. Contact us to see if you qualify
The following are for the purchase of a primary residence:
No down payment: VA and USDA
3.5% down payment: FHA
5% down payment: Conventional loans (up to $417,000 loan amount, 720 credit score required)
20% down payment: Jumbo loans (i.e. over $417,000 loan amount) up to a $2,000,000 loan amount
Minimum down payment for a second/vacation home:
10% down payment: conventional loans up to $417,000, 720 credit score required
Contact us for jumbo loans
Minimum down payment for investment property:
20% down payment: conventional loans up to $417,000
Contact us for jumbo loans - To stop the scroll, move your cursor over the scrolling text
Click on Home to re-start the scroll. Click on the RSS feed to see each of the news items. - Don't go away, the News will scroll again

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Counsel Mortgage Group®, LLC. | 8700 E. Pinnacle Peak Rd. | Suite 224 | Scottsdale, AZ 85255
phone# (480) 502-1000 | fax# (480) 240-1357 | toll free# (877) 703-1555 | MBR# 0909580
phone# (480) 502-1000 | fax# (480) 240-1357 | toll free# (877) 703-1555 | MBR# 0909580


