Mortgage rates are incredibly low right now and it only makes sense you call the experts at OpenGate Lending to see how much we can save on your home loan. You could end up saving thousands per year by refinancing to a lower rate. There are also great loan products available for first time home buyers. No matter which type of mortgage product you are looking for we make it fast and easy. Call to speak with a consultant today at 1-800-248-1176.
The faster you call, the quicker we can work towards saving you money!
[ Click Here for Terms & Conditions ]
NO CLOSING COST LOAN STANDARD AJUSTMENTS - APPLIES TO 10, 15, & 30 Year Fixed
|Loan Feature||Criteria||Add to Rate|
|Non-Escrowed Loans||*No change for non-escrowed loans*||0|
|Loan Amount||$99,999 or less NOT OFFERED||NOT OFFERED|
|2 -4 Unit Properties||0.375|
|Condo||LTV > 75% Term > 15 Years||0.25|
|High LTV||(95.01 - 97%)||0.25|
|Properties on Schedule of R.E. >1||0.125|
|(owning multiple properties)|
|Self Employed Borrower(s)||0.125|
|Subordinate Financing||LTV <= 75.00%||0.125|
|Subordinate Financing||LTV >= 75.01%||0.25|
|Investment Property||LTV <= 75.00%||0.75|
|Investment Property||LTV >= 75.01%||1|
|Fico < 740||Term <= 15 Years||0.125|
|LTV > 70%||Term <= 15 Years||0.125|
This is OpenGate Loans "No Closing Cost" Loan. It is available to refinance transactions only.
OpenGate Loans will pay all of the Borrower's closing costs except: Prepaid interest, property taxes, state mortgage taxes, lender payoff fees and any type of insurance. Rate advertised assumes loan amount between $300,00 and $417,000.
No Closing Cost Loans not available for loan amount below $100,000.
Advertised Rate and APR does not apply to borrowers who have refinanced within the last 6 months.