Rate Sheet for Lenders
The rates and terms below are in effect as of
Monday, February 08, 2010 at 7:20 PM.
The last interest rate update was made on 12/22/2009.
| Program |
Series |
Rate |
Program & Qualifying Fee |
Delivery Period |
| Existing |
New |
Existing |
New |
|
30-108 |
5.250% |
4.500% |
None |
90 |
90/240 |
|
2-108 |
5.250% |
4.500% |
None |
90 |
90/240 |
|
41-930 |
5.750% |
5.750% |
None |
90 |
90/240 |
|
43-930 |
5.500% |
5.500% |
1% |
90 |
90/240 |
|
72-108 |
5.250% |
4.500% |
1% + $300 |
90 |
90/240 |
|
35-108 |
5.250% |
– |
None |
90 |
– |
|
25-108 |
5.250% |
– |
None |
90 |
– |
|
0-254 |
5.250% |
4.500% |
1% + $300 |
90 |
240 |
|
17-108 |
5.250% |
4.500% |
None |
90 |
90/240 |
|
23-802 |
7.375% |
– |
1% + $300 |
90 |
– |
|
24-802 |
7.625% |
– |
None |
90 |
– |
|
– |
7.950% |
– |
None |
– |
– |
|
– |
– |
– |
– |
– |
– |
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All the rates, fees, and terms on this site are for informational purposes for participating lenders only and are subject to change without notice. Furthermore, the customer’s rate will be that which is in effect on the date and time that the reservation is received by the Agency. For the APR (annual percentage rate) please contact one of our participating lenders.
Loans that have been reserved/locked in are confirmed by PHFA via an e-mail to the lender. Loans in the ‘Incomplete Reservations’ section of the online reservations system are subject to the applicable rate and fee(s) in effect at the time they are completed and fully reserved.
PHFA must purchase the loan from the participating lender by the end of the delivery period or three weeks from the closing date, whichever occurs first. The 240-day delivery period is for homes to be built. New homes that are already or close to being completed should be reserved using the 90-day delivery period.
The Fannie Mae Community HomeChoice™ Loan is a special program provided by PHFA to buyers also using the access modification program. This is not a Mortgage Revenue Bond program. The reservation sheet must indicate Series Invalid Data. Beside the interest rate, check other and write PHFA/Fannie Mae.
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