These are Today's Rates
(Friday's rates can be locked over the weekend until Sunday night)

Conforming Purchase Loans

6.835% PAR rate

If Seller Concessions or Buyer covers the origination & $1,055 underwriting
NOTE: This rate does not have "points" added to lower the interest rate

In this example the buyer is purchasing a primary single family residence (SFR) for $726,200 and putting 5% down payment with a 30 year fixed rate with a 780 Fico Score.

• Conforming Purchase Loan fixed for 30 years (The National Conforming Loan Limit for 2023 is $726,200)
• Owner Occupied Primary Residence (Not 2nd Home or investment property)
• Single Family Residence (Not a condo)
• $764,421 Purchase Price
• $38,221 Down Payment
• $726,200 Loan Amount
• $114.98 MI Mortgage Insurance (Monthly Mortgage Insurance based on a 760 FICO score MI factor of .19)
  
• $14,036.73 Seller Concession (Amount needed to cover the UWM origination & $1,055 UWM underwriting)

Closing costs can be reduced by choosing a higher interest rate that covers closing costs with lender credits (rolling costs into the mortgage rate).
A seller can also choose to help cover closing costs by offering up to a 3% seller's concession on a conforming loan to help the buyer purchase their home.