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.
30 YEAR FIXED
Term: 30 years
Maximum Amount: $510,400
| Rates |
APR* |
Points |
| 2.625% |
2.962% |
.25% |
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 |
| 2.25% |
2.89% |
1% |
30 YEAR FHA
Maximum mortgage amounts differ with each county. Please contact us for terms.Term: 30 years
| Rates |
APR |
Points |
| 2.375% |
3.154% |
1% |
30 YEAR USDA/VA
USDA is for rural lending. VA for veterans and spouses. Minimum Required FICO credit scores for both are 640, due to Covid Pandemic
| Rates |
APR |
Points |
| 2.250% |
3.237% |
1% |
30 YEAR CONSTRUCTION / PERMANENT LOAN
Term: 30 years
Maximum Amount: $999,000, We have special rates for Jumbo Construction to permanent loans. Available for 2nd homes, too.
| Rates |
APR |
Points |
| 2.85% |
3.2516% |
0% |