Nate D.: SaveRight Mortgage provided the easiest, quickest mortgage process that I have ever been a part of. We have had terrible experiences with re-financing with other companies in the past, but SaveRight was professional, easy to work with and got things done quickly. I will definitely be going back to SaveRight Mortgage for any future mortgage needs and I would recommend them to anybody.
PAR RATES: Purchase or Refinance
CONVENTIONAL 30-YR
Fixed Rate:
6.75%
APR: 6.768%
FHA 30-YR
Fixed Rate:
6.125%
APR: 6.865%
VA 30-YR
Fixed Rate:
6.125%
APR: 6.364%
Jumbo 30-YR
Fixed Rate:
6.5%
APR: 6.546%
PAR RATES: Buy With Our Preferred Realtors
CONVENTIONAL 30-YR
Fixed Rate:
6.25%
APR: 6.343%
FHA 30-YR
Fixed Rate:
5.75%
APR: 6.516%
VA 30-YR
Fixed Rate:
5.75%
APR: 5.922%
Jumbo 30-YR
Fixed Rate:
6.125%
APR: 6.186%
3-2-1 CONVENTIONAL BUYDOWN: LOAN: $600,000
YEAR 1
Rate:
3.75%
P&I Payment:
$2,779
YEAR 2
Rate:
4.75%
P&I Payment:
$3,130
YEAR 3
Rate:
5.75%
P&I Payment:
$3,501
YEARS 4-30
Fixed Rate:
6.75%
APR: 6.768% P&I PMT:
$3,892
FHA & VA 3-2-1 BUYDOWN: LOAN: $600,000
YEAR 1
Rate:
3.125%
P&I PMT:
$2,570
YEAR 2
Rate:
4.125%
P&I PMT:
$2,908
YEAR 3
Rate:
5.125%
P&I PMT:
$3,267
YEARS 4-30
Fixed Rate:
6.125%
FHA/VA APR: 6.865%/5.771%
PMT: $3,709
Get Your Custom Quote
Your scenario is likely different than the $600,000 purchase loan ($1,000,000 on jumbo) used to quote the rates above. Complete the free Purchase or Refinance form and we'll email your custom quote with today's rates. Or, call 801-APPROVE. We shop dozens of the premier mortgage lenders in the country to find your best, rock-bottom deal. We don't run your credit. Just give us the basics and we provide you a quote customized to your exact scenario. It's free. No strings attached. We guarantee you'll like what you see! Nobody does what SaveRight Mortgage does. No smoke and mirrors. Complete honesty. Total transparency. The premier wholesale mortgage lenders independently shopped on your behalf. It's why we crush other mortgage lenders. It's mortgage lending done right!
TEMPORARY RATE BUYDOWN OPTIONS
With interest rates and home prices having gone up significantly, using a temporary rate buydown allows you to save thousands of dollars in the first few years of homeownership. The buydowns are paid for with a seller credit. There are several different temporary buydown options available: 1-0, 1-1, 2-1, and the 3-2-1. You can see the rate and payment savings the 3-2-1 buydowns provide in the generic scenarios above. The seller credit needed to cover the buydown depends on the buydown you choose and your loan amount. We'll send you the breakdown of each option, along with the cost. This way, when you make an offer on a home, you'll know exactly the amount of seller credit needed for the buydown. Buydowns are available on conventional, FHA, and VA purchase loans. The good news is that if you sell the home, or refinance, before the end of the temporary buydown period, you'll get a credit for the unused buydown portion that will reduce they payoff on your mortgage. This ensures you'll get 100% of the benefit of the seller credit used for the buydown.
Buy now and beat the crowds and high prices! Don't wait for rates to come back down! Home prices have dropped about 15% from their highs in the spring of 2022. Buyers have bargaining power and a lot less competition. But, there are hoards of buyers waiting on the sidelines. If you wait to buy until rates drop, prices will snap back and home inventories will plummet as all the sidelined buyers rush back to buy homes. Skip the multiple offers and losing a home to a higher bidder or cash offer. With the temporary rate buydown, you can take advantage of the lower home prices, the more abundant home inventory, and get a lower rate and payment for the first few years. Let SaveRight Mortgage open the door to your new home!