Rate Sheet

RATE INDICATIONS

You will find that Bay Mortgage Corporation offers some of the most competitive interest rates and lowest fees on the Eastern Shore. Listed below are rate indications for some of our more popular loan programs. Please note these are only general rate indications. The actual rate for your loan may be higher or lower based on the specifics of your loan transaction. We encourage you to contact one of our Loan Advisors to discuss all the rate and program options and to receive a specific rate quote.

Current posted rates are in effect as of 11/15/2022 12:59:07 PM Central Time.

30 Year Fixed Rate Loan
Rate	Points	APR	Lock Days
6.5%			30
The APR is calculated using a loan amount of $150,000 and these typical fees.

30 Year FHA
Rate	Points	APR	Lock Days
6.625%	0.000%		30
The APR is calculated using a loan amount of $100,000 and these typical fees.

30 Year VA
Rate	Points	APR	Lock Days
6.125%	0.000%		30
The APR is calculated using a loan amount of $100,000 and these typical fees.

15 Year Fixed Rate Loan
Rate	Points	APR	Lock Days
6.0%			30
The APR is calculated using a loan amount of $100,000 and these typical fees.

15 Yr. FHA/ VA
Rate	Points	APR	Lock Days
3.00%	0.000%		30
The APR is calculated using a loan amount of $100,000 and these typical fees.

3/1 LIBOR ARM
Rate	Points	APR	Lock Days
0.000%	0.000%	0.000%	30
The APR is calculated using a loan amount of $100,000 and these typical fees.

5/1 LIBOR ARM
Rate	Points	APR	Lock Days
4.50%	0.000%	0.000%	30
The APR is calculated using a loan amount of $100,000 and these typical fees.

Jumbo 30 Year Fixed Rate - Call for Rates and Term
Rate	Points	APR	Lock Days
0.000%	0.000%	0.000%	30
The APR is calculated using a loan amount of $450,000 and these typical fees.

Posted rates are subject to change without notice. Above rates are indications only. Specific rate quotes may be higher or lower based on loan program, borrower's credit rating, loan-to-value, and other qualifying information. Rate and Annual Percentage Rate (APR) indications are based on a minimum $100,000 loan amount with borrower paying no discount points and a standard 1% loan origination fee. Conventional 30 year fixed rates assume a minimum credit score of 720. Rate indications quoted are for a 40 day rate lock. For loan amounts below $100,000 or for longer rate lock periods, please contact Bay Mortgage Corporation.

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Company NMLS # 206821