Skip to main content

Filo Mortgage Introduces 1.99 Percent 15-Year Rate

Navi Persaud
Jul 01, 2021

Filo Mortgage announced that it will begin offering a 1.99% mortgage rate with no points and no origination fees for 15-year conventional term purchase loans.

Filo Mortgage announced that it will begin offering a 1.99% mortgage rate with no points and no origination fees for 15-year conventional term purchase loans.

To qualify for the 1.99% rate with no points, borrowers need a credit score above 680, a down payment of at least 20% and have a loan amount greater than $200,000. On 30-year conventional terms, Filo Mortgage is offering qualified applicants purchase loan rates as low as 2.625% (2.625% APR) with no points and no origination fees.

“If you are buying a house and using one of the large banks for your mortgage, you may be paying too much for your loan. Large companies with brick and mortar branches have larger cost structures and tend to pass on those expenses to borrowers in terms of higher mortgage rates and fees,” said Filo Mortgage founder and co-CEO, Jeffrey Frutkin. “It is worth getting a second or third quote to see if you can get better pricing. Even a small change in rate can result in thousands of dollars of savings over the life of the loan.”

Published
Jul 01, 2021
Finance of America To Acquire Assets of AAG

The transaction is expected to close in the first half of 2023.

Industry News
Dec 07, 2022
Fairway Offers Down Payment Assistance To Some First-Time Buyers

The Fairway Community Access program is limited to specific majority-minority communities.

Industry News
Dec 07, 2022
RMF: Payments Going Out In The Next 24 Hours

Company filed for Chapter 11 bankruptcy last week.

Industry News
Dec 06, 2022
Bankruptcy Court Approves RMF Requests

Payments to reverse mortgage borrowers to resume.

Industry News
Dec 05, 2022
Redfin Adds Zoning Data For More Than 70M Homes

Real estate brokerage teamed with Zoneomics to educate buyers on zoning implications.

Industry News
Dec 05, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022