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Fannie Mae
A congressionally chartered, shareholder-owned company that is the nation's largest supplier of home mortgage funds.
FHA Mortgage
A mortgage that is insured by the Federal Housing Administration (FHA). Also known as a government mortgage.
FICO Score
FICO¬ scores are the most widely used credit score in U.S. mortgage loan underwriting. This 3-digit number, ranging from 300 to 850, is calculated by a mathematical equation that evaluates many types of information that are on your credit report. Higher FICO¬ scores represent lower credit risks, which typically equate to better loan terms.
First Mortgage
The primary lien against a property.
Fixed Installment
The monthly payment due on a mortgage loan including payment of both principal and interest.
Fixed-Rate Mortgage (FRM)
A mortgage interest that are fixed throughout the entire term of the loan.
Fully Amortized ARM
An adjustable-rate mortgage (ARM) with a monthly payment that is sufficient to amortize the remaining balance, at the interest accrual rate, over the amortization term.
Mortgage Rates
June 19, 2013
| Loans to $417,000 | Rate | APR* |
| 30 Year Fixed | 3.875% | 3.942% |
| 15 Year Fixed | 3.000% | 3.171% |
| 5/1 ARM Rates | 2.375% | 3.169% |
| 7/1 ARM Rates | 2.500% | 3.105% |
| 30 Year FHA | 3.500% | 3.593% |
| 15 Year FHA | 3.000% | 3.729% |
| Loans to $625,500 | Rate | APR* |
| Super/Conf 30 | 3.825% | 4.025% |
| Super/Conf 15 | 3.250% | 3.698% |
| Super/Conf 5/1 | 3.125% | 3.510% |
| *Annual Percentage Rate Rates are 30 day lock and for new applications only. Subject to change without notice. |
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News & Events
Press Releases
May
1st Constitution Bancorp Reports a 13.6% Increase In Net Income
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Jan
1st Constitution Bancorp Reports Strong Fourth Quarter and Annual Results
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