Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. APR is the effective cost of the loan on a yearly basis and takes into account interest, closing, and origination fees. FHA requires an upfront mortgage insurance premium of 1.75%. Monthly mortgage insurance is required.

Rates are based on loan term, creditworthiness, and collateral. Your APR and loan term will be established when we discuss your specific request with you. Rates change daily and borrowers should execute a rate-lock agreement with a loan officer to guarantee the quoted rate. Advertised rates are based on a 45-day lock period. All rates are based on a first-lien mortgage of an owner occupied, single-family residence.

Loan-to-value is the loan amount divided by the lesser of the contract sales price or appraised value as established by an appraisal of your property.

We will consider your debt-to-income ratio during the underwriting process. Your maximum debt-to-income ratio depends on your credit score, loan amount and loan-to-value, but can generally be no more than 45 percent.

These rates apply to purchase transactions. Rates displayed do not apply to refinance transactions. Additional fees may apply on refinance transactions. Other mortgage products, rates, and terms may be available based on your creditworthiness. Loans are not available in Delaware, Maryland, New Hampshire, New York, and Rhode Island. Additional restrictions may apply. See an Arvest associate for more details.