Justin Schreiber | Mortgage Officer
By 
NMLS #1116851
Justin is an alumnus of Indiana College Bloomington, and holds a Bachelor of Science diploma in Administration and a certificates in finance. Justin is a member of Habitat for Humanity, Boy’s and Women Membership of Boone County, Susie’s Place, and Cystic Fibrosis Basis. He’s a licensed notary, and has over seven years of retail banking expertise and mortgage loan originating. He resides in Westfield along with his spouse, Ashley and daughter Aria.
Interested by shopping for a house? Entry the free Homeownership e-Course through Centier To You.
At this time’s Mortgage Charges
At Centier, we need to provide help to attain your purpose of homeownership. Use our mortgage calculator to get an estimate of your month-to-month mortgage cost. You too can view right this moment’s mortgage and rates of interest or evaluate loan choices.
| Conforming 30 Yr Fastened Charge | 6.250 | 6.381 | 0.500 | 0.000 | — |
| Conforming 20 Yr Fastened Charge | 6.000 | 6.172 | 0.500 | 0.000 | — |
| Conforming 15 Yr Fastened Charge | 5.500 | 5.635 | 0.000 | 0.000 | — |
Typical Fastened and Adjustable Charge merchandise
Typical Fastened-Charge mortgages are loans wherein the rate of interest by no means adjustments. It’s successfully “locked in” for all the size of the mortgage, usually 15 or 30 years. On account of this, the month-to-month funds for the mortgage by no means change, until different issues corresponding to property taxes or residence insurance coverage prices go up.
Typical Adjustable-Charge mortgages (ARM) are loans wherein the rate of interest fluctuates. In different phrases, the minimal mortgage cost is not going to at all times be the identical each month. How typically it adjustments depends upon the varieties of indexes the lender applies. The indexes are used to find out the rate of interest.
| VA 30 Yr Fastened Charge | 6.125 | 6.458 | 0.000 | 0.000 | — |
FHA and VA loans
FHA mortgages are loans wherein the Federal Housing Administration supplies mortgage insurance coverage for the loan. The FHA loan permits for the acquisition of a house with a low down cost, low closing prices and straightforward credit score qualification. Fastened-Charge mortgages are loans wherein the rate of interest by no means adjustments. Adjustable-Charge mortgages (ARM) are loans wherein the rate of interest fluctuates.
VA mortgage loans are a assured by the U.S. Division of Veterans Affairs (VA). The loan was created to produce residence financing to eligible veterans in areas the place personal financing will not be typically obtainable. Fastened-Charge mortgages are loans wherein the rate of interest by no means adjustments. Adjustable-Charge mortgages (ARM) are loans wherein the rate of interest fluctuates.
| Jumbo 30 Yr Fastened Charge | 5.875 | 5.952 | 0.500 | 0.000 | — |
| Jumbo 15 Yr Fastened Charge | 5.625 | 5.676 | 0.000 | 0.000 | — |
| Jumbo Mortgage Particular: Jumbo 5/6 SOFR Adjustable Charge Mortgage (ARM) | 5.500 | 4.956 | 0.250 | 0.000 | — |
Jumbo Fastened and Adjustable fee merchandise
Jumbo mortgages, due to their measurement, are used to purchase costly houses. Luxurious properties are sometimes tougher to re-sell on the authentic buy value if a loan default happens. A jumbo loan requires a much bigger down cost and better rates of interest. Rates of interest can range relying on the kind of actual property and the quantity of the loan. A number of value determinations are sometimes wanted earlier than a jumbo loan might be accepted. Fastened-Charge mortgages are loans wherein the rate of interest by no means adjustments. Adjustable-Charge mortgages (ARM) are loans wherein the rate of interest fluctuates.
| FHA 30 Yr Fastened Charge | 6.000 | 7.132 | 0.000 | 0.000 | — |
FHA and VA loans
FHA mortgages are loans wherein the Federal Housing Administration supplies mortgage insurance coverage for the loan. The FHA loan permits for the acquisition of a house with a low down cost, low closing prices and straightforward credit score qualification. Fastened-Charge mortgages are loans wherein the rate of interest by no means adjustments. Adjustable-Charge mortgages (ARM) are loans wherein the rate of interest fluctuates.
VA mortgage loans are a assured by the U.S. Division of Veterans Affairs (VA). The loan was created to produce residence financing to eligible veterans in areas the place personal financing will not be typically obtainable. Fastened-Charge mortgages are loans wherein the rate of interest by no means adjustments. Adjustable-Charge mortgages (ARM) are loans wherein the rate of interest fluctuates.
Vital Notices: Charges, phrases and situations are topic to credit score approval. Rates of interest, annual proportion charges (APRs), low cost factors and rebates proven are topic to alter with out discover. Funds proven embody principal, curiosity and mortgage insurance coverage the place relevant. Precise mortgage rates of interest, Annual Share Charges (APRs), Low cost factors (Factors), and/or Rebate might range based mostly on the borrower’s particular loan request and credit score. Low cost factors are charges paid by the borrower to particularly cut back the rate of interest of the loan. A reduction level equals 1% of the loan quantity. A Rebate is a credit score given to the borrower by the lender and is mostly used to pay closing prices. A borrower might obtain a rebate by opting to have a better rate of interest. The charges displayed assume:
- An escrow account for property taxes and insurance coverage(s) can be established on the time of closing.
- The property is an current, single household residence positioned in Indiana, that can be used as a main residence.
- The borrower has a credit score rating of 740 or greater.
- Extra assumptions and program data might be discovered by clicking on the View Fee hyperlinks.
Charges final up to date on 1/31/2023
Disclosures
Safe and Truthful Enforcement for Mortgage Licensing Act (S.A.F.E. Act) The SAFE Act requires Mortgage Mortgage Originators (MLOs) employed by federally insured depository establishments to register with the Nationwide Mortgage Licensing System and Registry (“the Registry”) and to take care of and renew their registration in that system yearly. Click on on the hyperlink beneath to view Centier staff registered with the Nationwide Mortgage Licensing System and Registry.
SAFE Act Registered Mortgage Originators
Centier Financial institution NMLS # 408076
Thanks for selecting Centier Financial institution as your house mortgage lender. The next steps are important to course of your on-line mortgage software. After getting accomplished your software, a Centier loan officer will contact you to debate the applying and reply any questions you’ll have. Your loan officer can also be obtainable to help at any time throughout the mortgage course of. At Centier, we satisfaction ourselves on world class service and are completely happy that will help you notice your dream of a brand new residence.
IMPORTANT
To ensure that us to proceed together with your loan request in a well timed method, we might want to obtain copies of the next paperwork inside 7 calendar days of your software:
- Copies of all W-2’s and/or 1099 varieties for all candidates for the previous two years
- Most up-to-date pay stubs protecting the final 30 days for all debtors
- Copies of the newest financial institution statements for every checking, financial savings, cash market, 401k, or some other depository accounts listed in your software
- Software charge, paid both by bank card on the system, or examine payable to Centier Financial institution
- In case you are buying a house, a legible copy of all pages of the Buy Settlement signed by all consumers and sellers
Extra data particular to your loan request may additionally be required.
If the above paperwork should not offered to us inside 7 calendar days of the applying, we are going to assume you don’t want to proceed and we are going to give no additional consideration to the applying. Any prices incurred by Centier along side your loan software can be thought-about earned and are non-refundable.
In case your intent is to use for a land solely mortgage, please contact your Mortgage Mortgage Originator straight who will help you within the course of.
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