Market Update for March 05, 2010

The Homebuyer tax credit expires

Buyers must be under contract by April 30, 2009 and must close by June 30, 2009!!!

    Conforming  30 Year Fixed  

   4.85%   1 point*  New Purchase Loans only!

FHA - 30 Year Fixed 

5.00  zero points*   New Purchase Loans only! 

         JUMBO  30 yr fixed!!

  5.1/2 %  zero points *   No origination fee

 NJHMFA 1st Time Homebuyer Program!!

FHA or conventional guidelines can be used!!

5.725% - First Mortgage w/ no Smart Start 

6.125% - First Mortgage w/ 2% Smart Start 

6.25% - First Mortgage w/ 3% Smart Start 

6.5% - First Mortgage w/ 4% Smart Start   

Smart Start can be used in any way towards the closing and/or down payment!!

(*best rate shown - credit score, loan amount and LTV may affect rate quote)  

Source: Gateway Funding:     Nelson Abreu - (609) 890-8964 (habla espaņol)

The Mancino Team of Professionals

3564 Quakerbridge Rd

Hamilton, NJ 08619

www.gatewayfunding.com

 

153 South Main Street
Hightstown, New Jersey 08520
PH: 609-448-8200
FAX:609-448-8299  eFAX:609-964-1696

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