Abacus Regional Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
Key Terms
APR * – The annual percentage rate (APR) is the amount of interest on your total loan amount that you’ll pay annually (averaged over the full term of the loan). A lower APR could translate to lower monthly payments. Points ** Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments. One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000). Essentially, you pay some interest up front in exchange for a lower interest rate over the life of your loan.15 YEAR FIXED Term: 15 years
There is no minimum credit score required to qualify for the lowest interest rate on a 15 year Conventional Mortgage.
| Rates | APR* | Points |
|---|
| 5.85% | 6.398% | 1.00% |
30 YEAR FIXED Term: 30 years
Maximum Amount: $647,200
| Rates | APR | Points |
|---|
| 6.99% | 7.979% | 0% |
30 YEAR FHA Maximum mortgage amounts differ with each county. Please contact us for other terms.
| Rates | APR | Points |
|---|
| 6.99% | 7.554% | 0% |
30 Year VA/ USDA USDA is for rural lending. VA for veterans and spouses. Minimum Required FICO credit scores for both are 620, due to the COVID-19 Pandemic
| Rates | APR | Points |
|---|
| 6.99% | 7.598% | 0% |
30 YEAR CONSTRUCTION / PERMANENT LOAN Term: 30 years
Maximum Amount: $999,000, Please add .1 for Jumbo Construction to permanent loans. Available for 2nd homes, too.
| Rates | APR | Points |
|---|
| 6.80% | 7.498% | 1% |