All loans are subject to credit and underwriting approval; not all applicants or properties will be approved for financing. Mortgage rates are subject to change daily without notice. The advertised rates and APR on this site were available at the time and date they were published. For current rates, a quote specific to your scenario, or more information... contact Monument Financial, Inc. (https://www.mfimortgage.com/contact-us/) 

The advertised rates and APR were based on the following assumptions: 

Conventional 30 fixed: 

* Loan Amount $750,000
* Purchase Price $1,000,000
* Down payment 25%
* Fannie Mae or Freddie Mac guidelines
* 30 year fixed rate
* Around ~1.0 Points fee
* Credit score 780+ (Middle FICO score)
* Rate lock 30 days
* Primary Residence
* Single Family Residence property type
* No subordinate financing
* Yes Impound/Escrow account

VA 30 fixed:
* Loan Amount $750,000
* Purchase Price $750,000

* Down payment 0%
* Borrower is an eligible US Military Veteran

* US Dept of Veterans Affairs Mortgage loan guidelines
* 30 year fixed rate
* Around ~1.0 Points fee 
* Credit score 740+ (Middle FICO score)

* Rate lock 30 days
* Primary Residence

* Single Family Residence property type 
* No subordinate financing
* Yes Impound/Escrow account
* APR (not rate) is based on Veteran being Exempt from VA's Funding Fee

FHA 30 fixed:
* Loan Amount $579,314
* Purchase Price $590,000
* Down payment 3.5%
* FHA underwriting guidelines
* 30 year fixed rate
* Around ~1.0 Points fee
* Credit score 740+ (Middle FICO score)
* Rate lock 30 days
* Primary Residence
* Single Family Residence property type
* No subordinate financing
* Yes Impound/Escrow account
* Up Front Mortgage Insurance Premium (UFMIP) is financed/not paid in cash

USDA 30 fixed:
* Loan Amount $520,606
* Purchase Price $515,400
* Down payment 0%
* USDA underwriting guidelines (income limits apply)
* 30 year fixed rate
* Around ~1.0 Points fee
* Credit score 740+ (Middle FICO score)
* Rate lock 30 days
* Primary Residence
* Single Family Residence property type
* No subordinate financing
* Yes Impound/Escrow account
* Up Front Mortgage Insurance Premium (UFMIP) is financed/not paid in cash
* Property is located in eligible area per USDA's Guaranteed Underwriting System (GUS).

Assumptions for all quotes above:

* Property located in Idaho. We are also licensed in California and Washington.
* Purpose is for purchasing a single family residence property.
* Borrower(s) meet(s) eligibility and guideline requirements of the investor (ie: Fannie Mae, Freddie Mac,Ginne Mae, etc) and any additional overlay guidelines as required by the wholesale lender funding the loan.
* Property meets eligibility and condition requirements of Program Guidelines, Investor and Lender. Not all properties are eligible for financing based on property type or condition of property or as determined by lender.
* Some restrictions may apply, and guidelines are subject to change.
* Debt to Income Ratio is under 40%
* Lender promotional pricing restrictions - Rates and APR may be based on a pricing promotion or incentive program available from a lender we would broker the loan to. And if so, the rate and APR would then be subject to the lender's terms, conditions, policies, deadlines and availability of the promotion or incentive program.



Sample rates are provided for illustration purposes and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Monument Financial, Inc. does not provide legal nor tax advice. Please contact your attorney for legal questions, or your tax adviser for any tax related questions. One discount points fee equals one percent of your loan amount. Rate and APR can vary depending on amount of down payment, subordinate financing, credit score, property type, length of rate lock, and other terms of the transaction.