Richmond Financial Journal

Richmond Mortgage Rates

 Richmond Business / Financial Section


NEWSPAPER MORTGAGE RATES

Enjoy easy access to up to the moment rates from lenders serving the Richmond community and surroundings.  Richmond Mortgage Rates  Participating lenders have been screened for quality assurance, and have pledged affirmation of customer satisfaction.
 

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Rates last updated: November 3, 2006
  Conforming Jumbo Gov't. 1-YR ARM Adjustable
  30-Year
Fixed
15-Year
Fixed
30-Year
Fixed
30-Year
FHA
30-Year
 
Lender's Choice
 
Lender
Phone Number
Rates
Points
APR
Rates
Points
APR
Rates
Points
APR
Rates
Points
APR
Rates
Points
APR
Program Rates
Points
APR
Absolute Mortgage Co.
888-90-HOMES

5.875
0.00
5.910
5.625
0.00
5.660
6.250
0.00
6.270


5.375
0.00
5.470
5/1 ARM 5.750
0.00
5.850
 Consistently among the lowest rates in the industry! Free float-downs! Fees are only $399! Call now! Your price leader.
First National Mortgage Sources
866-535-8987

6.500
0.00
6.572
6.250
0.00
6.367
6.625
0.00
6.659
N/A

call
call
Conf. + Jumbo Interest Only 5.625
2.00
5.843
 100% financing to 1.8 million. 100% option ARMs specialist, problem credit, 100% w/ 530 credit, 100% No Doc loans, Interest Only, 40 yr. terms, condos, non-warrantable condos and foreign nationals. Personal service, low fees!
HOME FINANCE OF AMERICA
800-358-5626

6.000
0.00
6.120
5.750
0.00
5.830
6.375
0.00
6.430


6.000
0.00
7.370
Jumbo 5/1 LIBOR ARM 6.000
0.00
7.120
 DIRECT LENDER. CALL NOW FOR SPECIALS IN YOUR CITY. INTEREST ONLY, 40 YR., 100% FINANCING.
aimloan.com
888-411-4246













 
Lowe's Mortgage
678-727-2701

Please



call



for

rates

 
BANCSTAR MORTGAGE
866 380 3863

6.875
0.00
7.000
6.500
0.00
6.625
7.000
0.00
7.125






 BANCSTAR MORTGAGE. INTERNET ONLINE MORTGAGE LENDER. Current interest rates available online. ask for Rob Garragussi for discounted closing costs & fees - compare to interest rates in the Washington Post & Baltimore Sun BEST ONLINE MORTGAGE BANKING
MADRATE.COM
877-4MADRATE

6.375
0.00
6.410
6.000
0.00
6.110
6.625
0.00
6.710


5.500
0.00
5.590
5/1 ARM 6.125
0.00
6.210
 Worried about rising interest rates? Call Toll-Free 877-4-MADRATE. Adjustable rate mortgage and HELOC conversion specialists.
Amerisave Mortgage Company
404 260 7559

7.000
0.00
7.125
6.750
0.00
6.875
7.125
0.00
7.250






 Nationwide Mortgage Company. Interest rate quotes available.
Ameriquest Mortgage
888 447 5806













 NATIONWIDE MORTGAGE COMPANY
Advocate Mortgage

6.875
0.00
6.750
0.00
7.000
0.00






 compare our rates in - VIRGINIA PILOT, RICHMOND TIMES-DISPATCH, THE NEWS & ADVANCE
American Home Finance - Mortgage
888-429-1940

5.875
0.00
6.12
5.55
0
5.84
6.125
0.00
6.34
Reverse Mortgage

Specialist
rates

1 yr Call
for
details
 Sun. 10-2. Reverse mortgages. 100% financing. Reverse Mortgage Company BEST ONLINE - INTERNET MORTGAGE COMPANY
ditech.com
800-616-8208

6.375
2.00
6.677
6.000
2.00
6.460
6.500
2.00
6.747




5/1 ARM 6.875
0.00
7.006
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Powered by Financial News Network Conforming rate is based on a 180,000 dollar loan, Jumbo based on a 420,000 dollar loan each with 20% down. Contact lenders for details on fees and services. Rates may change without notice and are not guaranteed.
Lock-in Period (LIP) is typically 30 days, contact the lender for details.
Lenders, to participate in this survey call 800-939-6367


Examples of Payment Factors Per $1,000 of Loan Amount for a 30-Year Fixed
Nominal
Rate
.000% .125% .250% .375% .500% .625% .750% .875%
3% .004216 .004284 .004352 .004421 .004490 .004561 .004631 .004702
4% .004774 .004847 .004919 .004993 .005067 .005141 .005216 .005292
5% .005368 .005445 .005522 .005600 .005678 .005757 .005836 .005915
6% .005995 .006076 .006157 .006238 .006320 .006403 .006485 .006569
7% .006653 .006737 .006821 .006906 .006992 .007077 .007164 .007250
8% .007337 .007424 .007512 .007600 .007689 .007777 .007867 .007956
9% .008046 .008136 .008226 .008317 .008408 .008499 .008591 .008683
10% .008776 .008868 .008961 .009054 .009147 .009241 .009335 .009429
11% .009523 .009618 .009713 .009808 .009903 .009998 .010094 .010190
To determine payment multiply loan amount by the factor listed above.
Example: 9.75% = .008591 factor which equals $8.59 per $1,000 borrowed
 

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