General Disclaimer

Every mortgage scenario is unique. The figures and examples provided on this website are for estimation purposes only and may not represent the exact terms or conditions of your loan. This is not a commitment to lend. All loans are subject to credit and underwriting approval. Program rates, terms, and conditions are subject to change without notice based on market fluctuations and borrower eligibility.

VA Loan Program Disclosures

• VA loans are a benefit of military service, exclusively offered to eligible veterans, surviving spouses, and active-duty military members.
• VA loans do not require Private Mortgage Insurance (PMI).
• All rates and loan scenarios assume the following:
  • A credit score of 740 or higher.
  • A debt-to-income ratio less than 43%.
  • An escrow account is maintained for the payment of property taxes and insurance.

Sample VA Loan Scenarios

1. 30-Year Fixed-Rate VA Loan
   • Interest Rate: 6.625% (7.168% APR).
   • Assumes 2.00 Point(s) ($5,107.50) paid at closing.
   • Loan Amount: $255,375.
   • Monthly Payment: $1,635.20 (excluding taxes and insurance).
   • Loan-to-Value (LTV): 61.29%.
2. 25-Year Fixed-Rate VA Loan
   • Interest Rate: 6.625% (7.234% APR).
   • Assumes 2.00 Point(s) ($5,107.50) paid at closing.
   • Loan Amount: $255,375.
   • Monthly Payment: $1,744.32 (excluding taxes and insurance).
   • Loan-to-Value (LTV): 61.29%.
3. 20-Year Fixed-Rate VA Loan
   • Interest Rate: 6.875% (7.596% APR).
   • Assumes 2.00 Point(s) ($5,107.50) paid at closing.
   • Loan Amount: $255,375.
   • Monthly Payment: $1,960.81 (excluding taxes and insurance).
   • Loan-to-Value (LTV): 61.29%.
4. 15-Year Fixed-Rate VA Loan
   • Interest Rate: 6.25% (7.126% APR).
   • Assumes 2.00 Point(s) ($5,107.50) paid at closing.
   • Loan Amount: $255,375.
   • Monthly Payment: $2,189.65 (excluding taxes and insurance).
   • Loan-to-Value (LTV): 61.29%.

Important Assumptions

For all rate scenarios provided:

• Rates and terms assume excellent credit with a 740+ credit score.
• Debt-to-income ratio is below 43%.
• Assumes the borrower will maintain an escrow account to cover taxes and insurance premiums.
• Monthly payment calculations exclude property taxes and insurance premiums. Actual monthly payments will be higher.

Accuracy and Updates

The rates, fees, and scenarios provided on this website are estimates and may not reflect the latest market conditions. For the most accurate and personalized mortgage information, please schedule a consultation with Great Ibe or submit your application through the “Get Quote” page.

Contact Information

For questions or to receive a detailed loan quote, please contact Great Ibe at Rapid Home Loans. We’re committed to transparency and providing tailored mortgage solutions for your unique needs.

Let me know if you’d like to add or adjust any specific details!