Fixed Rate Loans From 4.75%

Currently as of October 1, 2009 with LoanSouth Mortgage, you can get a 30 year Fixed Rate Mortgage (FRM) loan from 4.75%. – 5%. You must meet the qualifications with credit score of 720 or higher and 10% down payment and the loan amount must be under $417,000 for the rates above. These rates are for the purchase of a new home while refinances will have a slightly higher rate. You can also take advantage of 4.25% on a 15 year FRM. Or 3.75% for a 5 year Adjustable Rate Mortgage. Combine the low interest rate with the home buyer $8,000 tax credit and low house prices, this is still a great opportunity to buy a new home, loft or condo!

Please remember, these rates change daily and some restrictions do apply to all types of loans and the rates can vary depending on your credit score, your down payment, the amount of the loan and the type of home (single family, condo, etc) you buy. So consult with your real estate agent and / or loan officer for more information specifically to you and your loan.

For more information on loans visit LoanSouth Mortgage or call Keith Spain of LoanSouth at: 404-434-6185.