Why use big box lenders and pay more for higher rates? At Wholesale Mortgage Rates, we strictly work through the wholesale channel to provide lower rates and lower costs mortgages to you, the borrower. I work with the nations best lenders to secure the best rates and pricing. As a Mortgage Broker, my overhead is low, therefore I'm able operate at lower margins, and I pass the savings on to you. In today's economy, and housing affordability steadily decreasing, securing a low rate, lower cost loan is imperative.
Wholesale Mortgage Rates, offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide the most popular programs and aggressive rates! Whether you're refinancing or purchasing, choosing Wholesale Mortgage Rates is a smart choice.
 
First Time Home Buyer Programs
FHA Programs
VA Programs
USDA aka RD (Rural Development)
Jumbo Loans
Non-Conforming Programs
Renovation Loan (Great for Pool loans as a Rate/Term Refinance)
Fannie Mae and Freddie Mac Programs

Rates last updated on Thursday, June 29, 2017

First Time Home Buyer Programs

 3% Down payment  / 620 minimum middle score / $424,100 maximum loan amount SFR

3.5% Down payment / 580 minimum middle score / $362,250 maximum loan amount SFR

 

approval subject to underwriting guidelines.


FHA Programs
These are considered Government Programs, Federal Housing Authority(FHA). An FHA loan has a maximum LTV of 96.5% loan to value for a purchase, and 97.75% for a rate/term refinance. FHA also has a streamline refinance option for existing FHA loans. All FHA loans require an upfront mortgage insurance charge and a monthly mortgage insurance premium. Loan amounts must be equal to or lesser than county level loan limits.
 
Fixed Rate Terms Available: 30yr and 15yr

VA Programs
VA(Veterans Administration) loans, are designed for Veteran's of the United States. This program can be used for Purchases and also has a refinance option.
 
Fixed Rate Terms Available: 30yr and 15yr

USDA aka RD (Rural Development)
These loans are designed to help support the development of rural areas. This loan has income limits and property location requirements. Can be used for purchase and refinance.
 
Fixed Rate Terms Available 30yr and 15yr

Jumbo Loans
These programs are for loan amounts that exceed the county level loan limit of the subject property.
 
Fixed rate terms available: 30yr fixed ARM terms available: 5/1, 7/1

Non-Conforming Programs
These programs are for loans that do not qualify under conventional or government guidelines.

Renovation Loan (Great for Pool loans as a Rate/Term Refinance)

The HomeStyle Renovation loan is a single-close loan that enables borrowers to purchase a home that needs repairs, or refinance the mortgage on their existing home while include the necessary funds for renovation in the loan balance. The loan amount is based on the “as-completed” value of the home rather than the present value. HomeStyle Renovation mortgages are a convenient and economical alternative to a second mortgage, home equity line of credit, or other, more costly methods of financing home improvements


Fannie Mae and Freddie Mac Programs
These are the typical conventional loans that have (conforming) loan amounts, equal to or lesser than, the county level loan limits. Private Mortgage Insurance(PMI) is required for loans at 80.01% LTV or greater.  
 
Fixed Rate Terms Available: 30yr, 25yr, 20yr, 15yr, 10yr ARM Terms available: 5/1, 7/1, 10/1



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 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 $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 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 $2,000,000 with closing costs of $40,000. Your actual APR may be different depending upon these factors.