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 |
| 2.400% |
3.108% |
1.00% |
30 YEAR FIXED
Term: 30 years
Maximum Amount: $548,250
| Rates |
APR |
Points |
| 3.375% |
3.589% |
0% |
30 YEAR FHA
Maximum mortgage amounts differ with each county. Please contact us for other terms.
| Rates |
APR |
Points |
| 2.75% |
3.154% |
1% |
30 Year FHA/ 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 |
| 2.50% |
3.998% |
1% |
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 |
| 3.20% |
3.328% |
0% |