What are your rates?

We always beat our competitors rates by .25% - .75% due to our OneFeePlus Program. Read on to see ACTUAL rate quotes provided to people just like you.

Many people want to know what our rates are but unfortunately rates are developed on a individual basis using various "Risk Factors" (a list a risk factors and how they affect your rate are listed below) Since we don't yet know what your specific risk factors are we felt that instead of showing you some generic rate with generic "Risk Factors" we would do the next best thing.

Below is a sampling of our most recent rate quotes we have sent to our clients so that you can get a general idea of where our rates fall. To determine a rate for your specific loan scenario we invite you to submit a scenario above, fill out the form below, or call us at 813-473-7402

Our Most Recent Rate Quotes (These quotes are just a sampling of actual quotes provided to actual clients. All of these quotes are based on our onefeeplus program and do not require points to be paid)

• 3/5/2007 - Jeffrey S. 80% Investor - 680 Credit
• 3/3/2007 - W.M. 80% and 90% Owner Occupied - 680 Credit
• 3/1/2007 - D.S. 80% Investor - 670 Credit
• 2/23/2007 - Michael F. 100% 2nd Home - 670 Credit
• 2/22/2007 - Allen S. 95% Investor - 680 Credit
• 2/20/2007 - Larry O. 80%, 85%, 90% Investor - 730 Credit
• 2/15/2007 - Tom M 80% Owner Occupied - 710 Credit
• 2/14/2007 - B.S. 63.1% 2nd Home - 779 Credit
• 2/13/2007 - Matt V. 80% Investor - 720 Credit
• 2/8/2007 - Lynn H 95% Investor - 731 Credit
• 2/8/2007 - Dennis M. 95%,90%,80% Investor LTV - 725 Credit
• 2/8/2007 - Joseph M 90% Investor 4-Plex - 700 Credit
• 2/8/2007 - K.M. 100% Investor - 738 Credit
• 2/7/2007 - Sheri G 100% Investor - 723 Credit
• 2/6/2007 - Maria N. 100%, 95%, and 90% Investor - 754 Credit
• 2/1/2007 - Lawrence P. 80% Investor Loan Duplex $33,600 Loan amount - 750 Credit
• 1/30/2007 - Charles F. 95% and 100% Investor $94,000 Loan amount - 700 Credit
• 1/30/2007 - Allen R. 100% Investor - 700 Credit Score
• 1/29/2007 - John C. 90% Owner Occupied No ratio - 634 Credit
• 1/25/2007 - Aaron W. 100% Investor Loan Duplex - 695 or 700 Credit
• 1/24/2007 - Gerald G. 95% Owner Occupied Cash Out Refinance - 687 Credit
• 1/22/2007 - Jeff A - 100% Investor Stated Income - 750 Credit
• 1/18/2007 - Jeff J - 80% Cash out Refinance on multiple properties 3-plex and SFR - 650 Credit
• 1/22/2007 - Wayne T - 95% Investor Loan $80,750 Loan amount - 680 Credit
• 1/15/2007 - Jeffrey S. - 90% and 80% Investor Loan No Doc - 680 Credit Score
• 1/11/2007 Wayne D - 80% Investor No Doc $33,600 Loan - 680 Credit
• 1/10/2007 - Andy B - 100% Investor - 743 Credit
• 1/10/2007 - Dave J - 82% Investor Cash Out Refinance - 780 Credit
• 1/3/2007 - Gwen J - 95% Investor - 680 Credit
• 1/3/2007 - Barry H - 95% or 90% Cash Out Refinance No Doc - 685 Credit
• 1/3/2007 - L.U. - 52% Investor Stated Income Refinance - 675 Credit Score
• 1/3/2007 - Rob C - 95% Investor Stated Income - 707 Credit Score
• 1/2/2007 - Tom D - 80% Investor Stated Income - 625 Credit
• 12/29/2006 - C.S. - 53.1% LTV Owner Occupied - 720 Credit Score
• 12/20/2006 - Jerry N. - 90% Investor Stated Income $49,500 Loan amount - 660 Credit Score
• 12/15/2006 - Rick H. - 100% Investor Loan Stated Income - 802 Credit Score
• 12/13/2006 - M.B. - 100% Investor Condo - 753 Credit Score
• 12/03/2006 - Jerry D - 80% Investor Duplex - 690 Credit Score
• 11/24/2006 - Michael M - 95% Investor Fourplex - 700 Credit
• 11/16/2006 - Alex C 100% Investor No Doc - 720 Credit
• 11/16/2006 - Matt B 100% Investor 1,2, and 3 unit - 710 Credit
• 11/16/2006 - Tom G. 100% Investor - 750 Credit
• 11/8/2006 - Nadia H. 100% Investor - 830 Credit
• 11/7/2006 - Jay R. 80% and 95% Investor - 680 Credit
• 11/7/2006 - K.M 85% Investor No Ratio - 660 Credit
• 11/6/2006 - Mike S 80% Investor Cash Out No Seasoning- 695 Credit
• 11/3/2006 - Tony K 95% Owner occupied - 720 Credit

Risk Factors

There are over 26 risk factors that must be determined for each client. Below we have included the most popular along with a brief explanation of the factor. If our quotes above include a specific risk factor I have listed it within the rate quote sample

• Credit Score - "Score lower than 720" - Once a client score is lower than 720 they will pay a higher rate, for every 20 points below 720 there is another rate increase

• Loan Documentation Type - "Loan Documentation not Full Doc" - The best loan documentation type is "Full Doc" This means you can prove everything you show on your loan application to the satisfaction of the underwriting guidelines (eg. Income, you can prove enough income to stay below a 45% total debt to income ratio)

• Down Payment/Loan to Value - "Down Payment not 20% / LTV greater than 80%" - The closer the loan is to 100% of the properties value the more risky it is for the lender, the riskier the loan the higher the rate

• Lock Period - "Rate determined based on 30 day lock period" - Many lenders quote a loan based on a 15 day rate lock which is typically impossible to actually achieve as most loans take 30 days to close

• Property - "Property Not a Single Family Residence" - Loans that are not a single family residence are a higher risk for lenders, especially multi unit properties. These property types add risk to the lender and thus result in a higher rate

• Occupancy - "Property is not borrowers primary residence" - Lenders consider 2nd homes and Investor properties as a higher risk than an owner occupied property thus resulting in higher rates

• Fixed vs ARM - "The longer fixed rate term the higher the rate" - Adjustable rate mortgages are more profitable for lenders and the shorter the ARM term the lower the rate will be. Our goal is to provide our clients with the most stable loan available.

• Interest Only - "Rates on Interest Only loans are higher than fully amortized loans" - Interest only loans are riskier for lenders because the principle doesn't get paid on the loan. This results in higher risk and higher rates

• Prepayment Penalty - "Reduced Prepayment Penalty Term results in higher rates" - Most investor loans default to a 3 year hard prepayment penalty so lenders can guarantee their profits. reducing this prepayment in any way (eg. converting it to a soft which allows you to sell without penalty) will result in a higher rate from the lender.

• Debt to Income Ratio - "DTI over 45% results in higher rates" - Loans over 455 debt to income ratio results in a higher risk for the lender and higher rates for you

• Loan Amount - "Loans under $125,000 and Over $417,000 are higher rates" - Lenders feel loan amounts outside this range increases the lenders risk. The higher risk the higher rate

• Escrows - "If client doesn't want escrows rate will be higher" - If a client doesn't want to pay escrows the lender must worry about whether taxes and insurance will be paid, this increases the lenders risk and your rates

• Client Specific Needs - "This client had a specific risk factor that negatively affected rate. eg. over 4 properties, limited property seasoning, construction loan, rehab loan, other" - This section covers other possible factors that I was unable to go into because of privacy concerns (I don't want a clients friend to figure out that a specific quote was for their friend who has the correct initials and owns 8 properties

• Other Factors: Available Assets, Co-Borrowers, Employment type, Seller contributions, Gifts

Let us determine what your actual rate will be, fill out the form below or call us today

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