Mortgage Criteria - Definition

Mortgage and mortgage refinance tables include the rates, points and annual percentage rates (APR) lenders charge for a loan on a one-unit, single-family, owner-occupied residence by a new customer with good credit, average income and no other account relationship with the financial institution. An indication of good credit may be a FICO score of 650 to 719, two years tenure in your current home and position, paying all bills on time and not having a bankruptcy within the last two years. Loans and rates quoted are available to all applicants. Loan quotes do not include pre-payment penalties or negative amortization. Mortgage refinance tables do not include cash-out loans. Rates are good as of the survey date and may change without notice. The rate, terms and APR of the loan may vary based on a number of factors