According to Freddie Mac, mortgage rates rose for the second week in a row last week.  Despite this, Total Mortgage still has some of the most affordable mortgage rates in the country, and we specialize in FHA mortgages.

If you are a first time home buyer, or have a limited amount of money for a down payment, an FHA mortgage may be great for you. The FHA only requires a 3.5 percent down payment, which pales in comparison to the twenty percent or more required by traditional lenders.

If you do not have perfect credit, it can be incredibly difficult to get a mortgage loan these days.  Luckily, the underwriting standards on FHA mortgages, while responsible, are not quite as tight as those from other lenders.  If you qualify, you can get a 30 year fixed FHA mortgage at an affordable interest rate of 4.375% and 5.775% APR.

In addition to FHA mortgages, Total Mortgage offers a variety of fixed rate, adjustable rate, and jumbo mortgage products. For more information on our current mortgage rates and mortgage products, please call 877-868-2503 to speak with one of our licensed mortgage professionals today.

Mortgage rates are always changing. All rates were quoted at 1:45 P.M., on January 27, 2011.

*All rates shown are for 30 day rate locks. Longer locks available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 2 points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, two points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, two points, a $495 application fee, $500 loan processing fee, $715 underwriting fee and a $16 flood certification fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants and are subject to mortgage approval. All rates are subject to change without notice.

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