Washington DC Home Mortgage Loan Rates
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Washington DC
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$150,000 Washington DC Home Mortgage Loan for Under $720/Month!*
*The $706.25 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $889.85. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$30,000 Washington DC Home Mortgage Loan for Under $185/Month!*
*The payment for the first monthly billing period is based on a loan amount of $30,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $184.38 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$160,000 Washington DC Home Mortgage Loan for Under $785/Month!*
*The $753.33 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $923.58. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$175,000 Washington DC Home Mortgage Loan for Under $860/Month!*
*The $823.96 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $1,010.16. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$40,000 Washington DC Home Mortgage Loan for Under $246/Month!*
*The payment for the first monthly billing period is based on a loan amount of $40,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $245.83 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$50,000 Washington DC Home Mortgage Loan for Under $308/Month!*
*The payment for the first monthly billing period is based on a loan amount of $50,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $307.29 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$60,000 Washington DC Home Mortgage Loan for Under $369/Month!*
*The payment for the first monthly billing period is based on a loan amount of $60,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $368.75 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
Washington DC Facts
• Most people who work in or around the District have some sort of connection to the federal government. In addition to government employees, many people work for the federal contractors headquartered in the area, and many also work for the numerous nonprofit organizations of all sizes and political orientations. Then there are the law firms and lobbying firms, catering and administrative services companies, and several other industries that are sustained by the enormous economic presence of the federal government.
• Washington had a Gross State Product in 2003 of $69.7 billion. Washington, D.C. is first and foremost a company town, the company being, of course, the federal government.
• The Washington economy virtually recession proof. The federal government often grows during recessions and will still operate no matter the state of the general economy .
• Several major companies are based in Washington, including the Carlyle Group, Fannie Mae, Marriott, and XM Satellite Radio. Genomics industry' Celera Genomics, The Institute for Genomic Research (also known as "TIGR"), and Human Genome Sciences (all of which are in the city of Rockville, Maryland).Just outside the District, mostly in the Northern Virginia suburbs of Washington, there are headquarters to many large corporations. These include:
- General Dynamics (Falls Church, Virginia),
- Gannett and USA TODAY (McLean in Fairfax County, Virginia),
- Lockheed Martin (Bethesda in Montgomery County, Maryland),
- MCI Communications (Ashburn in Loudoun County, Virginia),
- Nextel (Reston in Fairfax County, Virginia),
- Orbital Sciences Corporation (Dulles in Loudoun County, Virginia),
- Public Broadcasting Service (Alexandria, Virginia),
- Al Hurra (Springfield in Fairfax County, Virginia),
- America Online (Dulles in Loudoun County, Virginia),
- Colgan Air (Manassas, Virginia),
- Independence Air (Dulles in Loudoun County, Virginia),
- US Airways (Arlington County, Virginia).
• The racial makeup of the city is 60.01% Black or African American, 32.78% White, 2.66% Asian, 0.30% Native American, 0.06% Pacific Islander, 3.84% from other races, and 2.35% from two or more races. 7.86% of the population are Hispanic or Latino of any race, with Salvadorans being the largest Hispanic group. A plurality of whites are of British ancestry. According to the Census Bureau more than 5% of all families in the city are gay couple families. Of all 3,141 county equivalents, D.C. has the second highest percentage of gay families.
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