Annual Percentage Rate (APR) is based on 20% down payment and a credit score > 740. Your APR, rate, and down payment may be different than shown above. Rates are specific to each transaction and may increase based on credit score, loan to value (LTV), property type and other factors. Fixed rate loans may be sold on the secondary market and must comply with all investor guidelines. Private Mortgage Insurance (PMI) is required on loans with less than 20% down payment. Minimum loan $50,000. Homeowners insurance and flood insurance (if applicable) is required. Condominiums must be Fannie Mae approved. *Payments do not include real estate taxes or insurance. Your payment obligation will be greater. †This product is for new home purchases only.