Abacus Regional Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
Key Terms
APR * – The annual percentage rate (APR) is the amount of interest on your total loan amount that you’ll pay annually (averaged over the full term of the loan). A lower APR could translate to lower monthly payments.
Points ** Mortgage points, also known as discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. This is also called “buying down the rate,” which can lower your monthly mortgage payments. One point costs 1 percent of your mortgage amount (or $1,000 for every $100,000). Essentially, you pay some interest up front in exchange for a lower interest rate over the life of your loan.
15 YEAR FIXED
Term: 15 years
There is no minimum credit score required to qualify for the lowest interest rate on a 15 year Conventional Mortgage.
| Rates |
APR* |
Points |
| 6.250% |
6.438% |
0.00% |
30 YEAR FIXED
Term: 30 years
Maximum Amount: $726,000
| Rates |
APR |
Points |
| 6.750% |
6.979% |
0% |
30 YEAR FHA
Maximum mortgage amounts differ with each county. Please contact us for other terms. Rate based on a 760 credit score
| Rates |
APR |
Points |
| 6.25% |
6.724% |
0% |
30 Year VA/ USDA
USDA is for rural lending. VA for veterans and spouses. Minimum Required FICO credit scores for both are 620, due to the COVID-19 Pandemic
| Rates |
APR |
Points |
| 6.25% |
6.328% |
0% |
30 YEAR CONSTRUCTION / PERMANENT LOAN
Term: 30 years
Maximum Amount: $999,000, Please add .1 for Jumbo Construction to permanent loans. Available for 2nd homes, too. Add .5% to rate
| Rates |
APR |
Points |
| 5.750% |
7.298% |
0% |