vLoan Assumptions & Disclosures

These results are for Illustration purposes only. These are subject to change based on accuracy of information provided. Some products may not be available in all states. Some jumbo products may not be available to first-time home buyers. Lending services may not be available in all areas. Some restrictions may apply.

Based on the purchase or refinance of a primary residence with no cash out at closing. We assume (unless otherwise noted) that: closing costs are paid out-of-pocket; this is your primary residence and is a single family home; debt-to- income ratio is less than 43%; and credit score is over 740, or in the case of certain Jumbo products we assume a credit score over 740; and an escrow account for the payment of taxes and insurance. The lock period for your rate is 30 days.

Twelve months’ reserves are required. The loan to value (LTV) ratio is 80%. If LTV > 80%, PMI will be added to your monthly mortgage payment. VA loans do not require PMI.

Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. You may still qualify for a loan even if your situation doesn’t match our assumptions. vLoan offers a wide variety of loan options. Please contact us at 1-844-77vLoan (844-778-5626) for a rate and payment quote customized for you.

USDA 30 Year Fixed Purchase: The monthly payment on a $173,391 ($168,750 loan amount + $4,641 upfront guarantee fee) USDA 30 Year Fixed Purchase loan at an interest rate of 3.625% and 75% LTV is $862.00 ($791.00 P&I + $71.00 Monthly MIP). This scenario is based upon a $168,750 sales price and a 2.75% upfront guarantee fee of the base loan amount of $173,391 ($168,750 X 0.50% = $4,641) and a monthly mortgage guarantee fee at 0.50% (of base loan amount). The APR is 4.541%. Payment does not include taxes and insurance premiums. The actual payment will be higher. Some state and county maximum loan amount restrictions may apply. Income minimum and maximum restrictions may also apply.