Disclosures

Loan Assumptions

Choice Home Mortgage is currently not accepting applications for loans that are less than $200,000 or applications for mobile or manufactured homes at this time.

On Loan Amount up to $510,400
15 & 30 Year Fixed – First Mortgage

The principal, interest and MI payment on a $350,000 15-year Fixed-Rate Loan at 1.99% and 50% loan-to-value (LTV) with a minimum 720 FICO is $2250.67. The Annual Percentage Rate (APR) is 2.299% with estimated finance charges of $7800. The principal and interest payment does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 9/26/2020. Subject to borrower approval. Some exclusions may apply. Available only in California

Choice Home Mortgage supports Equal Housing. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status or age.

Lender Fees include application, commitment, underwriting, processing fees or similar fees and DO NOT include 3rd party fees, such as title insurance, appraisal, tax service, escrow and other such fees are passed directly through to the borrower. All fees are clearly detailed in the Loan Estimate.

Rate Disclosure
Any mortgage interest rates shown on the site are based on a 30-day rate lock period and subject to credit approval.

The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination fees). For home equity lines, the APR simply reflects the interest rate. When shopping for a mortgage, you can use the APR to compare the costs of similar loans between lenders.

The estimated total closing costs above do not constitute and are not a substitute for a loan estimate, which includes an estimate of closing costs, that you will receive once you apply for a loan. The amounts provided above for Estimated Total Closing Costs, are estimations based on the state selected.

This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.

These mortgage rates are based upon a variety of assumptions and conditions which include a consumer credit score which may be higher or lower than your individual credit score.

Your loan’s interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.

Choice Home Mortgage supports Equal Housing. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status or age.

Lender Fees include application, commitment, underwriting, processing fees or similar fees and DO NOT include 3rd party fees, such as title insurance, appraisal, tax service, escrow and other such fees are passed directly through to the borrower. All fees are clearly detailed in the Loan Estimate

Elite Capital Solutions dba Choice Home Mortgage

9550 Warner Ave Ste 200
Fountain Valley CA 92708
Phone: 949-490-7996 | Fax: 714-676-8493

California DRE #2105181 | NMLS #1934039 | NMLS Consumer Access

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