Skip to main content

Filo Mortgage Introduces 1.99 Percent 15-Year Rate

Director of Events
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.”

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jul 01, 2021
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024
UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Apr 25, 2024
More Questions Than Answers At Housing Finance Climate Summit

Government officials, housing leaders, and climate scientists meet to address climate change's escalating impact on housing.

Apr 22, 2024
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024