30-year Fixed Rate JUMBO Mortgage
Special Limited-Time Offer: JUMBO Mortgage with a Low Fixed Rate, No Points!
For a limited time, Burke & Herbert Bank is offering a special low fixed interest rate of 3.75% on 30-year, jumbo mortgages, for both purchases and no-cash-out refinances.
• 30-year, fixed rate conventional mortgage
• Loan amounts greater than $765,600 up to $3 million
• No points
• Maximum loan-to-value up to 85%
• Minimum down payment requirement is 15%, which could be higher based on loan amount and credit score. (Second homes will require a higher down payment.)
For a sample loan amount of $880,000, with a down payment of 20%, the monthly principal + interest payment would be $4,075.42, for 360 months, resulting in an Annual Percentage Rate of 3.783%. (Excludes taxes, insurance and other applicable escrows. Actual payment will be higher.)
This is a limited-time offer. You must complete your loan application by July 31, 2020 and close your loan by August 31, 2020.
Take advantage of this special, great rate offer today.
Apply now or to learn more, call us at 703-684-1655 or have a Mortgage Loan Officer contact you.
The above information is not a commitment to lend and is for information purposes only. All loans are subject to underwriting approval. The APR of 3.783% is based on 80% loan-to-value, with no Private Mortgage Insurance, no origination points and no discount points. Conventional loans only. Loans over 80% loan-to-value will require Mortgage Insurance. Rate does not include any loan level price add-ons. Promotion is for purchase or no-cash-out refinances on primary or second homes. Minimum loan amount $765,601. Maximum loan-to-value is 85% for loans greater than $765,600, up to $1 million; 80% for loans greater than $1 million, up to $1.5 million; 75% for loans greater than $1.5 million, up to $2 million; and 70% for loans greater than $2 million, up to $3 million. Must meet Burke & Herbert Bank minimum credit and approval standards. Must submit complete application by 7/31/2020 and close by 8/31/2020. Funds are limited. Rates and terms are subject to cancellation and/or change at any time.