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The rates quoted are not guaranteed until locked in, and may change at any time with out notice.  Rates may vary depending on loan size and credit score.

Mortgage One of the South offers a variety of loan programs to meet your needs, so call me for more details!

 
VA
FHA
Rural Development
Conventional

Rates last updated on Wednesday, October 03, 2018

VA
Whether active duty or retired, VA is the best financing option available for any current or previous military members! No down payment required on a price of up to $453,100, and minimal down if over $453,100. Primary residence purchases only, minimum 620 credit score required.

Term: 30 years   Maximum Amount: $453,100
RatesAPRPoints
4.125%4.294%0%

FHA

If you do not qualify for VA or Rural Development, this is the next best option for a loan with minimum down.  Down payment requirement is 3.500%.  Upfront financed MI premium and monthly MI applies.  Minimum 640 credit score required. 

Term: 30 years   Maximum Amount: $271,000
RatesAPRPoints
4.125%4.294%0%
 

The mortgage rates quoted are not guaranteed until locked in, and may change at any time with out notice. 


Rural Development

This program is available for designated areas only, to include Crestview and Navarre.  No down payment required.  RD Guarantee Fee applies but may be financed in the loan.  Income limits apply.  Minimum 640 credit score required. 

Term: 30 years   Maximum Amount: $417,000
RatesAPRPoints
4.25%4.421%0%
 

The mortgage rates quoted are not guaranteed until locked in, and may change at any time with out notice. 


Conventional

For Conventional financing, the minimum down payment is 10%, with a minimum required credit score of 660.  MI will apply with a down payment of less than 20%. 

Term: 30 years   Maximum Amount: $417,000
RatesAPRPoints
4.625%4.799%0%
 

The mortgage rates quoted are not guaranteed until locked in, and may change at any time with out notice. 




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $453,100 with closing costs of $9,062. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.