15 Year Term
Rate 6.375% / APR 6.651%
30 Year Term
Conventional Assumptions: Purchase Price $312,500, Loan Amount $250,000, single family home, Illinois primary residence, 80% loan-to-value, credit score 780 or higher, escrow required, 45-day rate lock
HomeReady Program - Ideal for First Time Homebuyers
30 Year Term
Rate 6.625% / APR 6.794%
HomeReady Assumptions: Purchase Price $260,000, Loan Amount $252,200, single family home, Illinois primary residence, 97% loan-to-value, credit score 780 or higher, escrow required, 45-day rate lock, income limits apply; income cannot exceed 80% of the area median income (AMI)
FHA Rates
30 Year Term
Rate 6.625% / APR 8.012%
FHA Assumptions: Purchase price $210,000, Loan Amount $206,196, 3.5% down-payment, 680 credit score, Illinois primary residence only, single family home, fees include 1.75% up front mortgage insurance premium (UFMIP) as required by FHA, results in higher APR, 45-day rate lock
VA Rates
30 Year Term
Rate 6.625% / APR 7.000%
VA Assumptions: Purchase price $200,000, Loan Amount $204,300, no down-payment, 680 credit score, Illinois primary residence only, single family home, fees may include 2.15% VA funding fee as required by VA, first-time use, regular military, 45-day rate lock.
We can help you purchase and refinance Second Homes and Investment Properties between 1-4 units.
Call us for more information today at 630-844-4950 or email mortgages@earthmovercu.com
Updated 1/21/2025 at 9:40am
Rates are subject to change at any time; longer rate lock periods may be required