Outer Banks Interest Rate Update 1-29-2016
Interest Rates posted are for rates quoted on Friday, January 29, 2016. For distribution to business
partners only. This estimate is to be used as an update on Interest Rates and products. For exact quotes and
APR’s please contact me.
Shane Cook
Senior Loan Officer, NMLS# 476328
Office: 252-564-3111, Cell: 252-207-2665, scook@primelending.com
“A Pre-qualification you can trust”
Total Loan Denial Letters Issued After Pre-qualification since 2003: ZERO
Prime Lending Offers Free Float Down Options on Most Products
Quotes listed below are for 30 day locks. Rates are quoted with no additional points. Base Origination Charges are $985 for
most products. When shopping rates it is best to look at the lender’s total origination charges vs. the APR alone.
Conforming: loan amounts of $417,000 or less: Primary Residences and Second Homes
30 Year Fixed: 3.625% 1 Origination
30 Year Fixed: 3.75% 0 Origination
15 Year Fixed: 2.75 1 Origination
15 Year Fixed: 3.0% 0 Origination
96.5% to 100% Financing Loans: Primary Residences Only
VA 30 Year Fixed: 3.625% 0 Origination
FHA 30 Year Fixed: 3.625% 0 Origination
USDA 30 Year Fixed: 3.625% 0 Origination
Home Possible 97%: 3.875% 0 Origination
Home Ready 97%: 3.75% 0 Origination
Jumbo Loans: Rates may vary for Second Home and Investor Jumbo Loans
30 Year Fixed: 3.375% 1 Origination
30 Year Fixed: 3.625% 0 Origination
7 Year ARM: 3.0% 0 Origination
5 Year ARM: 2.875% 0 Origination
Other Great Products:
*All Second Home Programs allow for Vacation Rental Addendums and Bills of Sale
*Renovation Loans
*Loans for clients with up to 10 financed properties
*Loans in the 4 wheel Drive area (Carova)
*I am licensed through NC Housing to offer MCC, Down Payment Assistance, and
various other First Time Home Buyer Programs
