Loan programs are subject to credit approval. Other terms, conditions, fees and restrictions may apply. Full documentation, property and title insurance required, and flood hazard insurance is required if the subject property is located in a designated flood zone. Mortgage loan programs offering minimal down options may require mortgage insurance.
The Interest Rate & APRs displayed are accurate as of 5/21/13 11:03AM Pacific, and are subject to change without notice. These are posted for example purposes and do not constitute a commitment to lend.
The APRs displayed depend upon many variables based on loan programs, agency requirements, terms and underwriting guidelines. They reflect the current interest rate and may include discount points (as indicated in each specific loan program to the right, as applicable) and do not include other specific finance charges you may be required to pay. Quotes are based on a mortgage loan for residential home purchase transactions not for refinances and are based upon a 30 day lock. Loan pricing can only be locked with an Umpqua Loan Officer or our Direct Lending Group.
Payments shown above do not include amounts for taxes and insurance. Actual payment obligation will be greater. For adjustable rate loans, after the initial period, rates and payments are based on today's index plus a margin. For interest only loans, the initial interest payments do not include and will not reduce the principal balance.
Adjustable Rate Mortgage (ARM) rates and payments assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period. An increase to the index would result in a higher interest rate and monthly payment.
15 & 30 Year Fixed Rate Agency Conforming Mortgage
Pricing is based upon our published Interest Rate plus 1 discount point* on a 15 or 30 year fixed rate term conforming mortgage loan. Rate/APR posted assume loan is for a owner occupied single family/Condo one unit purchase transaction with a minimum loan amount of $200,000, at
75% LTV with a minimum FICO Credit Score of 740 on a 30 day lock with escrows,
delivered to Fannie Mae. Monthly payment posted assumes a loan amount of $200,000.
All-in-One Custom Construction Loan
Pricing is based upon our published Interest Rate with 1 discount point for a 7/1 ARM Construction Loan & Permanent Financing offered with a single closing. 18 month term to complete construction phase; loan may be extended the remaining 28.5 years subject to completion of construction and other loan terms. Annual Interest Rate adjustments begin in the 85th month and may adjust annually for remaining term. Interest Rate/APR assumes an Umpqua Bank portfolio single family custom construction loan with a maximum loan amount of $417,000, at 80% LTV with a minimum FICO Credit Score of 700. Monthly payment posted assumes a loan amount of $417,000.
FHA Fixed Rate Conforming Mortgage
Pricing is based upon our published Interest Rate plus 1 discount point* on a FHA 30 year fixed rate term conforming mortgage loan. Interest Rate/APR posted assume loan is owner occupied single family/Condo one unit purchase transaction with a minimum
base loan amount of $200,000, at 96.5% LTV with a minimum FICO Credit Score of 660 on a 30 day lock with escrows. Monthly payment posted assumes a loan amount of $200,000
plus financed upfront mortgage insurance premium.