APEX Mortgage Corp.
1300 Virginia Drive
Suite 400
Fort Washington, PA
19034
1-800-262-APEX
(T) 215-283-8880
(F) 215-283-8885
Copyright © 2007
Apex Mortgage Corp.
All rights reserved.
Rates - 1 YSP is available for a .375 increase in the rate. 2 YSP for .75 increase in the rate
| Program | Minimum First Mortgage Rate* |
Maximum LTV*** |
Maximum Term ****** |
Points ** | Credit | Minimum Loan Amount |
Maximum Loan Amount |
| AO | 10.50%* | 70% | 300/60 | 1 | Min FICO 700 | $50,000 | $400,000 |
| A1 | 10.75% | 70% | 300 | 1 | 2 x 30 | $25,000 | $400,000 |
| A2 ***** |
10.85% | 70% | 300 | 1 | 1 x 30 | $25,000 | $400,000 |
| A3 ***** |
11.85% | 70% | 300 | 1 | 3 x 30, 1 x 60 |
$25,000 | $400,000 |
| A4 | 12.25% | 65% | 300 | 1 | 6 x 30, 2 x 60 |
$25,000 | $400,000 |
| A5 | 12.50% | 65% | 300 | 1.5 | See Grid | $25,000 | $400,000 |
| ARM Programs | Minimum Credit Score | ||||||
| A | P+4.5% | 70% | 300 | 1 | 700 | $25,000 | $400,000 |
| B | P+5.5% | 65% | 300 | 1 | 660 | $25,000 | $400,000 |
| C | P+6.5% | 60% | 300 | 1.5 | 580 | $25,000 | $400,000 |
* Rates are program minimum and are subject to change without prior notice, call for a direct quote. Rates vary based on property type, see individual program descriptions for details. Add an additional 25 BPS on all Non-Owner Occupied properties.
A0 rate is a 5 year balloon. Add 25 BPS for fully amortized fixed rate.
** Points can be bought down to Par. 1 point = 37.5 bps on Fixed Rate Programs.
*** Refer to program guidelines for LTV by property type.
**** Rate applies for both Owner/Non-Owner occupied properties.
***** Maximum term available for loans under $100,000 is 180 months. Maximum Broker Fees: $3,500 on loans under $70,000 / 5 points on all loans over $70,000
All ARM Loans adjust quarterly, on the 10th day of the first month of each calendar quarter, based on Prime Rate in effect on the first day of that month, for the payment due on the 10th of the following month.
