Advertised Mortgage Rates and APR Disclosure

Effective and last updated August, 2023

Introduction

Lowest Rates and APRs displayed on the website and advertised on our NewsLetter, Social Media, email and other distributions are based on:

30-year fixed and 15-year fixed rate mortgage for well-qualified borrowers with a minimum FICO score of 760 and a Down Payment of 20% for Conventional, 3.5% for FHA and 0% for VA Loans.
The Purchase Price of the property is assumed to be $550,000.

The actual interest rate and APR may vary depending on several factors, including credit score, loan amount, loan-to-value ratio, property type, and occupancy. The displayed rates are subject to change without notice and may not be available at the time of loan application. The rates shown do not include additional fees and costs, such as origination fees, points, private mortgage insurance (PMI), homeowner’s insurance, property taxes, and other applicable fees.

The Annual Percentage Rate (APR) is a measure of the total cost of the loan, including the interest rate and certain fees, expressed as a yearly percentage. It is designed to help borrowers compare different loan offers. Your actual APR may be higher or lower than the advertised rates based on the factors mentioned above. Loan terms and conditions are subject to approval and may vary based on the specific details of your loan application.

This is not a commitment to lend. Please contact GenNext.Mortgage for more information and to discuss your individual mortgage options.

Advertised Mortgage Rates and APR Disclosure

Introduction