Mortgage Product Disclosures

Annual Percentage Rates shown as of August 12th, 2024 and are subject to change without notice.
All scenarios assume a median credit score of 740 or higher.
For specific loan scenario questions please reach out to your Onshore Mortgage mortgage advisor.

APR = Annual Percentage Rate

CONVENTIONAL 30 Year Fixed: Loan amount $300,000 at 7.373% “Note Rate” and 7.549% APR, 20% down, monthly payment without taxes and insurance is $2,071.62.
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‍FHA 30 Year Fixed: Base loan amount $361,875, plus upfront MIP of $6,332.00 at 6.250% “Note Rate” and 6.543% APR, 3.5% down, monthly payment without taxes and insurance is $2,267.12. FHA monthly PMI is $165.08. Onshore Mortgage, LLC is mortgage broker funding loans through FHA approved lending institutions and is not acting on behalf of or at the direction of HUD/FHA or the Federal government.

‍VA 30 Year Fixed: Loan amount $300,000 at 6.625% “Note Rate” and 6.789% APR, 0% down, (Example is with EXEMPT funding fee) monthly payment without taxes and insurance is $1,920.93. Onshore Mortgage, LLC is mortgage broker funding loans through VA approved lending institutions and is not acting on behalf of or at the direction of HUD/VA or the Federal government. Certificate of Eligibility required for all VA loans. If not exempt from funding fee then please refer to the current VA Funding Fee chart provided by The Department of Veteran Affairs
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‍USDA 30 Year Fixed: Loan amount $300,000 plus 1% Upfront Guarantee Fee ($303,000) at 6.625% "Note Rate" and 6.892% APR, 0% down, monthly payment without taxes and insurance is $1,940.33. USDA Monthly Premium is $87.98. Onshore Mortgage, LLC is mortgage broker funding loans through USDA approved lending institutions and is not acting on behalf of or at the direction of the USDA or the Federal government. FOR NO DOWN PAYMENT OR 100% FINANCING: Borrowers income is limited to 115% of median income for the area. Borrowers must have reasonable credit history and a 620 minimum fico score. 30-year loan term. Housing costs cannot exceed 29% of income; total debt payments cannot exceed 41% of income. The property must meet state and HCFP building codes. Available only in rural areas only.
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‍JUMBO 30 Year Fixed: Loan amount $800,000 at 8.000% “Note Rate” and 8.118% APR, 20% down, monthly payment without taxes and insurance is $5,870.12
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‍ASSET ONLY 30 Year Fixed: Loan amount $300,000 at 7.125% “Note Rate” and 7.310% APR, 20% down, 740 credit score, monthly payment without taxes and insurance is $2,021.16.

Home Construction 30 Year Fixed: Loan amount $475,000 at 8.374% “Note Rate” and 8.607% APR, 5% down, 740 credit score, monthly payment without taxes and insurance is $3,681.45.