INTEREST RATE NOTICE FOR Southern Mortgage Assistance Program
Interest Rate Notice Date: 02/23/18
Type of Loan Rate Lock Period (to Lender) Mortgage Rate Borrower Assistance
FHA/VA/USDA-RHS 45 Day 5.875% 3.00
FHA/VA/USDA-RHS 45 Day 6.125% 4.00
Freddie Mac HFA Advantage 45 Day 4.750% 0.00
Freddie Mac HFA Advantage 45 Day 5.375% 3.00
Freddie Mac HFA Advantage 45 Day 5.750% 4.00

* Please note on the SMAP program that USDA/RD rates are subject to the USDA Daily Maximum rate limit and may not be available to lock on a given day. Please verify with you lender for availability.

Thank you for your interest in partnering with JPFA to bring homeownership to our community. We are excited to provide a unique opportunity for your borrowers and look forward to collaborating to close affordable home loans with you while mitigating risk.