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Rates	Points	APR
PowerPro Mortgage offers Conventional, Non-Conventional and Government Loans, all with 10 year, 15 year, 20 year and 30 year amortization terms. We offer competitive 30 year ARM loans, as well as, 3/1, 5/1 and 7/1 ARM programs. We also provide superior programs for consumers wanting to refinance their home mortgage into today's exceptional interest rate market. Interrested in building your new home?? ...PPM provide's custom home building solutions for local builders and consumers in the Abilene and Taylor county region such as Texas Trendsetter Homes. PPM is recognized as a platinum lender with Countrywide Funding Corporation, BSM Financial, Chase Manhattan Capital, AccuBank Funding Corp., Franklin American and IndyMac. As for first time homebuyers, we have some dynamic programs for down-payment assistance. We use "The Ameridream Charity Down-payment Assistance" Program. Just talk to one of our loan officers about details. All rates apply to loans over 75,000.00 +

FHA 30 Year Fixed
Conforming 30 Year Fixed
VA 30 Year Fixed
FHA 15 Year Fixed
Conforming 5/1 Fixed / ARM
FHA 1 Year ARM
Conforming 15 Year Fixed
Jumbo 30 Year Fixed - up to 1MM
Jumbo 15 Year Fixed - up to 1 MM
Conforming 3/1 ARM
Texas Cash-Out Refinance - 30 Year Fixed
Texas Cash-Out Refinance - 15 Year Fixed
Rates last updated on Friday, December 13, 2002
FHA 30 Year Fixed 360 month amortization. No prepayment penalty. Financed Mortgage Insurance Premium of 1.5% of the base loan amount (97% of Sales Price) 3 % DownPayment. Term: 30 years Maximum Amount: $144,000
5.625%	1%	5.856%
5.875%	0%	6.014%

Terriffic first time homebuyer loan!! Very small down payment of 3%. Down Payment funds can come as gift and charity funds from programs PPM offers for first time homebuyers.. Call and inquire about DPA programs

Conforming 30 Year Fixed Fanie Mae / Freddie Mac Traditional Purchase and Refinance Loan Term: 30 years Maximum Amount: $322,000
Rates	Points	APR
5.875%	1%	6.109%
6%	0%	6.14%

Purchases require a 5% downpayment

VA 30 Year Fixed Designed for Veterans and their spouses that can use their VA eligibility benefit. Term: 30 years Maximum Amount: $203,000
Rates	Points	APR
5.75%	1%	5.982%
6%	0%	6.14%

Most new Veteran purchase loans have a funding fee of 1.5% of the base loan amount. This fee is financed into the loan at the loan funding date. VA does not required monthly mortgage insurance with all VA loans. VA Refinance Loans include a .500% funding fee that is financed into the new loan amount.

FHA 15 Year Fixed FHA Government Loan. No Prepayment Penalty. 3% Downpayment required. Downpayment may come from borrowers own funds or gifted by a family or charity downpayment program. Term: 15 years Maximum Amount: $144,000
Rates	Points	APR
5.25%	1%	5.636%
5.5%	0%	5.73%

Very good first time or Last time home purchase loan. Looking to pay off that house in a hurry? This may be the loan for you.

Conforming 5/1 Fixed / ARM Five year fixed loan on a 30 Year Amortization. Converts to 1 Year ARM loan after the 60th payment based upon the 1 Year Treasury Bill Index. 2.75% Margin with 5/2/5 Caps Term: 30 years Maximum Amount: $310,000
Rates	Points	APR
5.125%	1%	5.309%
5.5%	0%	5.362%

Must have 5% downpayment for all purchases. Great temporary move or relocation loan.

FHA 1 Year ARM Great Start Rate!! This loan combines the best of FHA low downpayment with terriffic ARM rates. Term: 30 years Maximum Amount: $144,000
Rates	Points	APR
4.375%	1%	4.77%
4.75%	0%	4.713%

3% downpayment required. Downpayment can come from borrowers' own funds or gift from family or downpayment gift program. Seller can pay for all closing costs and prepaids up to 6% of sales price.

Conforming 15 Year Fixed Fannie Mae / Freddie Mac Traditional Loan Program. 180 Month amortization. 5% required downpayment on all purchases. Mortgage Insurance required on all transactions with less than 20% downpayment or equity (Refinances) Term: 15 years Maximum Amount: $310,000
Rates	Points	APR
5.25%	1%	5.636%
5.5%	0%	5.73%

Pay off that loan in a hurry. Want to pay it off sooner than 15 years? Ask us how...

Jumbo 30 Year Fixed - up to 1MM Loan Program for 30 year amortization of properties with high sales prices. Usually over 350,000. Term: 30 years Maximum Amount: $750,000
Rates	Points	APR
6%	1%	6.15%
6.25%	0%	6.306%

Minimum of 5% downpayment for all purchase transactions. Mortgage Insurance required on all loans with less than 20% downpayment or equity (refinances).

Jumbo 15 Year Fixed - up to 1 MM 180 Month Amortization. No Prepayment Penalty Term: 15 years Maximum Amount: $750,000
Rates	Points	APR
5.5%	1%	5.747%
5.75%	0%	5.841%

Minimum of 5% downpayment for all purchase transactions. Mortgage Insurance required on all loans with less than 20% downpayment or equity (refinances).

Conforming 3/1 ARM 30 Year Amortization. Loan is fixed at stated interest rate for 36 months. After initial fixed period, the loan converts to a 1 year ARM loan adjusting to the rate determined by adding the 1 Year Treasury Bill Index to a fixed Margin of 2.75%. The rate adjustment is capped to 2% per year and 6% for the life of the loan. Great Short term fixed laon. Minimum of 10% downpayment or equity (refinance) Term: 30 years Maximum Amount: $310,000
Rates	Points	APR
4%	2%	4.978%
4.5%	1%	5.01%
5%	0%	5.041%

Can also be used in conjunction with a purchase second mortgage. 80 - 10 - 10 transaction.

Texas Cash-Out Refinance - 30 Year Fixed 30 Year Amortization. No Points and other fees charged on all CO Loans. Texas Cash out Laws and Guidelines appy. Max LTV (Loan To Value) is 80%. Available for Single Family Homes, Primary Residences / Homesteads. Available for cash back, debt consolidation and refinances of current A-6 Transactions. Certain disclosures and waiting periods apply. Minimum LOAN AMOUNT is 80,000.0 Term: 30 years Maximum Amount: $310,000
Rates	Points	APR
6.375%	1%	6.616%
6.625%	0%	6.77%

Texas Cash Out rules and guidelines do not affect non-owner occupied properties. Regular interest rates apply. See Conforming 30, 15 Fixed, 3/1, 5/1 and other ARM Loans

Texas Cash-Out Refinance - 15 Year Fixed 15 Year Amortization. No Points and other fees charged on all CO Loans. Texas Cash out Laws and Guidelines appy. Max LTV (Loan To Value) is 80%. Available for Single Family Homes, Primary Residences / Homesteads. Available for cash back, debt consolidation and refinances of current A-6 Transactions. Certain disclosures and waiting periods apply. Minimum LOAN AMOUNT is 80,000.0 Term: 15 years Maximum Amount: $310,000
Rates	Points	APR
5.75%	1%	6.142%
6%	0%	6.234%

Texas Cash Out rules and guidelines do not affect non-owner occupied properties. Regular interest rates apply. See Conforming 30, 15 Fixed, 3/1, 5/1 and other ARM Loans

FHA Loan Limit in Taylor County and most of Texas is 144,000.00 Minimum down payment required on FHA loans is 3% which can be gifted to the borrowers by family or charity means. Most all conforming loans must have at least 5% downpayment. VA Loans do not require a downpayment.
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $125,000 with closing costs of $1,850. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $375,000 with closing costs of $2,200. Your actual APR may be different depending upon these factors.