INTEREST RATE NOTICE
Interest Rate Notice Date: 08/15/2022
Type of Loan Mortgage Rate Borrower Assistance*
FHA/VA/USDA-RHS 0.000 3.00%
FHA/VA/USDA-RHS 0.000 4.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred 5.375 0.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred 0.000 3.00%
Freddie Mac HFA Advantage OR Fannie Mae HFA Preferred 0.000 4.00%
Fannie Mae Above 80% AMI 6.125 0.00%
Fannie Mae Above 80% AMI 0.000 3.00%
Fannie Mae Above 80% AMI 0.000 4.00%

* Please note on the SMAP program that USDA/RD rates are subject to the USDA Daily Maximum rate limit and may not be available to lock on a given day. Please verify with you lender for availability.

*45 Day Lock to Lender
COMFORT OF HOME PROGRAM
Interest Rate Notice Date: 08/15/2022
Mortgage Rate Borrower Assistance* Type of Loan Income Restrictions**
GOVERNMENT LOANS
5.125% 0.00% FHA, VA, USDA =< $114,520
6.625% 2.00% FHA, VA, USDA =< $114,520
7.125% 3.00% FHA, VA, USDA =< $114,520
0.000% 4.00% FHA, VA, USDA =< $114,520
0.000% 5.00% FHA, VA, USDA =< $114,520
CONVENTIONAL LOANS
5.250% 0.00% Fannie Mae OR Freddie Mac =< $65,440
0.000% 3.00% Fannie Mae OR Freddie Mac =< $65,440
0.000% 4.00% Fannie Mae OR Freddie Mac =< $65,440
0.000% 5.00% Fannie Mae OR Freddie Mac =< $65,440
6.125% 0.00% Fannie Mae =< $114,520
0.000% 3.00% Fannie Mae =< $114,520
0.000% 4.00% Fannie Mae =< $114,520
Rate Lock to Lender: 70 Days*** Purchase by Servicer: 10/24/2022
Purchase Price: 102.00 Lender SRP****: 2.00

Our Programs for Lenders

Thank you for your interest in partnering with JPFA to bring homeownership to our community. We are excited to provide a unique opportunity for your borrowers and look forward to collaborating to close affordable home loans with you while mitigating risk.

Southern Mortgage Assistance Program
Lagniappe Advantage Program
Comfort of Home Program
Heroes to Homeowners
 

 

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