Mainstream Funding Network, Inc. - New York Mortgage Broker

Mainstream Funding Network, Inc.

Today's Best Rates
Every day MAINSTREAM FUNDING NETWORK, INC. selects from over 80 local, state and national lenders to make available to you the best rates, fees and closing costs possible for your purchase money mortgage, re-finance or equity loan. Mortgage rates and programs change as often as several times daily- please call our office during normal business hours to obtain the most current information regarding data in the chart below.
As of 10/26/2008 3:50:05 PM EST:

PROGRAM RATE POINTS A.P.R.

30 Year Fixed 6.25% 0 6.294%

20 Year Fixed 6.25% 0 6.294%

15 Year Fixed 5.875% 0 5.901%

40 Year Fixed 7.125% 0 7.182%

30 Year Fixed (income limitations**) 5.75% 0 5.803%

% %

30 Year Fixed (97% Lender Pd MI) 7.25% 0 7.289%

30 Year Jumbo Fixed 8.25% 0 8.297%

SONYMA 6.50% 0 6.584%

Rural Eco. Comm. Dev. Service # 6.75% 0 6.801%

30 Year FHA Fixed 6.75% 0 6.801%

15 Year FHA Fixed 6.50% 0 6.576%

30 Year VA Fixed 6.75% 0 6.906%

3 Year ARM * 5.875% 0 5.816%

5 Year ARM * 6.00% 0 6.062%

7 Year ARM * 6.125% 0 6.323%

Home Equity Line of Credit * 4.50% 0 4.50%

Home Equity Fixed Rate Loan 6.25% 0 6.282%

One-close Draw Construction Loan 6.875% .50 6.992%

Debt Consolidation 2nd Mtg. 4.50% .50 5.03%

% %

Mildly Damaged Credit *** 8.25% 0 9.041%

Severely Damaged Credit *** 8.99*% 1.00 9.552%

# Rural Economic Community Development Service (RECDS)

- Income Limitations

- Single Family Homes Only in Specific Areas

- No Mortgage Insurance or Reserves Required

- No Down Payment Required

- Seller Concessions up to 6%

- Excess Appraisal Values Can Cover Closing Costs

- Origination fees May Be Charged For Low Loan Amounts

* Call for details regarding index, margin, frequency of change, annual caps and lifetime ceilings
** Requires income and/or property location qualification
*** Loan-to-Value, rates and fees subject to full credit and employment evaluation
Some programs require minimum loan amounts and/or down payments. You may "lock-in" any rate for a standard time frame without added fees. Longer term rate locks may require some additional fees. Points paid to reduce the rate may be tax deductable - consult your tax advisor.
Rates, programs and fees are subject to change without notice due to market fluxuations and/or lender availability.

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