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This page was last updated on 05/19/08.
Full Service Residential and Small/Medium Commercial
NEVADA PROPERTIES ONLY
Specializing in Lot & Construction Loans with emphasis on
Self-Employed, Stated Income and No Documentation Programs
Call or Email for your FREE Mortgage & Credit Analysis!
ALL mortgage company interest rates should be about the same, whether banker or broker. We ALL provide your standard 30 year fixed rate mortgage programs. What separates me is the personal service you should expect, tapping into decades of commercial and residential real estate finance, building and development experience. Listed below are a sample of today's mortgage rates for Conforming Loans and Jumbo Loans for NEVADA ( specializing in the Reno, Sparks, Washoe, Carson City Area) ONLY. For descriptions of these types of mortgage loans, see Mortgage Programs. For more information about Conforming Loans and Non-Conforming and Jumbo Loans, click here. Minimum Loan Amount is $150,000.
Mortgage rates do change frequently, so contact Bruce Specter to lock in the best rate available for your mortgage needs.
IMPORTANT NOTE:
RATES REMAIN HISTORICALLY LOW. IT IS IN YOUR BEST INTEREST TO MAKE AN INFORMED DECISION AND ACT.
Thank you for your visit!
|
CONFORMING LOANS ($150,000 - 417,000) |
RATE | APR * |
| 30 YEAR FIXED RATE Full Documentation (STATED INCOME SAME RATE WITH 700+ FICO) | 5.875% | 5.962% |
| 15 YEAR FIXED RATE | 5.500% | 5.558% |
| 5/1 ARM (Fixed for 5 Years) 1-4 UNITS (Interest Only Available) | 5.375% | 5.498% |
| 7/1 LIBOR ARM | 5.750% | 5.942% |
| COFI OR COSI PICK A PAYMENT ARM | 2.200% | 5.336% |
|
INVESTMENT PROPERTY (1-4 UNITS) LOANS ($175,000 - 2,000,000) |
RATE | APR * |
| 90% Stated Income Purchase (70/20) Option ARM 30yr (40yr also available) | 1.500% | 5.513% |
| 90% PURCHASE FULL DOCUMENTATION | 6.500% | 7.536% |
| Many programs to choose from |
|
JUMBO LOANS ($417,001 and Above) |
RATE | APR * |
| 30Yr Fixed Rate Mortgage | 6.375% | 6.561% |
| 15yr Fixed Rate Mortgage | 6.125% | 6.214% |
| 5/1 Interest Only ARM | 6.125% | 6.201% |
| Option ARM | 1.00% | 4.357% |
|
LOT, LAND & CONSTRUCTION LOANS
Stated Income & Spec Building Loans (call for pricing) -- NEVADA ONLY -- |
RATE | APR * |
| 1 Year Lot Loan Purchase or Refinance ($175,000 minimum) | 7.000% | 8.125% |
| 5 Year Lot Loan Purchase or Refinance ($175,000 minimum) | 7.875% | 7.900% |
| Remodeling (minimum $50,000 plus refinance of 1st Mortgage) | 7.125% | 7.537% |
|
5/1 1 Time Close Permanent / Construction Loan $500,000 minimum construction loan (Stated Income & Int. Only Available) |
7.125% | 8.337% |
|
Commercial ($500,000-$10,000,000) |
RATE | APR * |
| 5 year Multi-Family/ Mixed Use 30yr Amortization | 6.680% | 6.761% |
| 5 year Retail 25yr Amortization | 7.540% | 7.774% |
| 5 year Office/Light Industrial 25yr Amortization | 7.540% | 7.774% |
| 5 year Mobile Home Communities 25yr Amortization | 6.480% | 6.560 % |
|
CALL WITH YOUR SCENARIO FOR SPECIFIC TERMS AND CONDITIONS |
* Annual Percentage Rate (APR): A figure that reflects the cost of a mortgage stated as a yearly rate. The APR rate is usually higher than the stated note rate because it includes such items as interest, mortgage insurance, and loan origination fees (points). Your note or interest rate will remain constant, as dictated by your mortgage note, as fixed (as in 30 year fixed) or variable (as in a 1 year Adjustable Rate Mortgage (ARM)).
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Copyright © 1997-2008 Sceptre Management
This page was last updated on 05/19/08.