All CHFA Mortgage Program interest rates are subject to change weekly. The following rates are in effect until Thursday, January 30, 2014 : ________________________________________ Homebuyer Mortgage Program Interest rate: 3.500 % (APR range 3.600 - 4.000 %) Fees: Up to One Point (1% Origination Fee) * Payable to Lender Term - 30 years, fixed rate * Additional fees may apply ________________________________________ Downpayment Assistance Program (DAP) (Rate listed is for DAP loans with Homebuyer Mortgage Program financing.) Interest rate: 3.500 % (APR range 3.600 - 4.000 %) Fees: Up to $200 Application Fee * Payable to Lender Term - 30 years, fixed rate (NOTE: If at any time the interest rate for the Homebuyer Mortgage Program exceeds 6%, the DAP interest rate will be capped at 6%.) * Additional fees may apply ________________________________________ Homeownership Program, Home of Your Own Program, Police Homeownership Program, Teachers Mortgage Assistance Program, and Military Homeownership Program Interest rate: 3.375 % % (APR range 3.475 - 3.875 %) Fees: Up to One Point (1% Origination Fee) * Payable to Lender Term - 30 years, fixed rate (NOTE: Downpayment Assistance is available at the same interest rate noted for these 5 programs. The interest rate for these programs and the DAP interest rate are capped at 6%.) * Additional fees may apply
Posted on: Thu, 23 Jan 2014 19:25:40 +0000
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