Home At Last™ Daily Rates
Loan Rates Shown are Effective 04/21/2021 – Click to View the Rate Sheet
FHA, VA, USDA LOANS – RATES & ASSISTANCE OPTIONS
Assistance Options
|
Loan Rates |
Loan Types
|
Purchase & Refinance
|
0% | 2.750% | FHA, VA, USDA |
FHA, VA & USDA:
FHA Purchases Only:
Manufactured Homes:
|
2% | 3.125% | FHA, VA, USDA | |
3% | 3.625% | FHA, VA, USDA | |
4% | 4.125% | FHA, VA, USDA | |
5% | 4.375% | FHA, VA, USDA |
CONVENTIONAL LOANS – RATES & ASSISTANCE OPTIONS
Assistance Options |
Freddie Mac Rates
|
Fannie Mae Rates
|
Fannie Mae Rates
|
Purchase & Refinance
|
0% | 3.125% | 3.125% | 3.875% |
Conventional:
Manufactured Homes:
|
1% | 3.250% | 3.250% | 4.000% | |
2% | 3.500% | 3.500% | 4.125% | |
3% | 3.875% | 3.875% | 4.500% | |
4% | 4.125% | 4.125% | 4.625% | |
5% | 4.375% | 4.375% | N/A |
INCOME LIMITS
- FHA & VA: $116,000
- USDA: Per USDA guidelines View USDA Income Limits by County
- Conventional – Borrower income at or below 80% of AMI: View AMI Lookup Tool by County
- Conventional – $135,000 for borrower(s) with income over 80% of AMI
- AMI is the Area Median Income established by Fannie Mae and Freddie Mac
PURCHASE PRICE LIMITS
- There are no purchase price limits established by the Home At Last™ program.
LOAN LIMITS
- The Home At Last™ program does not establish a maximum or minimum loan amount.
- Lenders must comply with agency limits per the specific loan guidelines for FHA, VA, USDA Guaranteed, and Conventional loans.
- FHA loans: View FHA Loan Limits by County
- VA loans: $548,250
- USDA Guaranteed loans: No limit
- Conventional loans: $548,250
PLEASE NOTE:
- Assistance is a percentage of the loan amount and the rate on the 30-year mortgage depends on the amount of assistance.
- Options with assistance will have a 3-year forgivable second mortgage with no interest and no payments.
- FHA loans with FICO below 660 require borrower(s) have 1+ month of reserves and 6+ months employment history on current job(s).
- Home At Last™ may be used for the purchase or refinance of a primary residence (FHA streamline refinances are not permitted).
- FHA loans and manufactured home loans may not be manually underwritten.
Lenders – Click Here to View Program Updates, Seller Guides, & Bulletins
View MCC Income and Purchase Price Limits