Assumptions For all rates shown, unless otherwise noted, we assumed:

• You’re buying a single-family home that’s your primary residence.
• Closing costs will be paid up front, not rolled into the loan.
• Your debt-to-income ratio is less than 43%.
• Your credit score is 720.
• You’ll have an escrow account for payment of taxes and insurance.
• One point is equal to one percent of the loan amount.

Advertising Disclosures These disclosures relate to recent advertisements on the internet by or through Direct Rate:

30-year Fixed Rate Loan The advertised loan is a 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 6.375% for 360 months. The disclosed APR is based on the payment of 3.000 discount points. For a $275,000 loan, there is a 6.691% APR with a monthly principal and interest payment of $1,716 for 360 months. Interest rate quoted assumes a purchase with 45 day lock pricing at 60% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective on 2/1/2025 and are subject to change without notice. Stated rate may change or not be available at the time of loan commitment or lock-in.

15-year Fixed Rate Loan The advertised loan is a 15-year Fixed Rate Loan with a 15-year fully amortizing term. The interest rate is 5.750% for 180 months. The disclosed APR is based on the payment of 3.000 discount points. For a $275,000 loan, there is a 6.262% APR with a monthly principal and interest payment of $2,284 for 180 months. Interest rate quoted assumes a purchase with 45 day lock pricing at 60% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. Interest rate quoted assumes a purchase of a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective on 2/12/2025 and are subject to change without notice. Stated rate may change or not be available at the time of loan commitment or lock-in.

FHA 30-year Fixed Rate Loan The advertised loan is an FHA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 6.000% for 360 months. The disclosed APR is based on the payment of 3.000 discount points. For a $275,000 loan, there is a 7.222% APR with a monthly principal and interest payment of $1,649 for 360 months. Interest rate quoted assumes a purchase at 80% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes, hazard insurance, or mortgage insurance; actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective on 2/12/2025 and are subject to change without notice. Stated rate may change or not be available at the time of loan commitment or lock-in.

VA loan program The advertised loan is a VA 30-year Fixed Rate Loan with a 30-year fully amortizing term. The interest rate is 6.000% for 360 months. The disclosed APR is based on the payment of 3.000 discount points. For a $275,000 loan, there is a 6.662% APR with a monthly principal and interest payment of $1,649 for 360 months. Interest rate quoted assumes a purchase with 45 day lock pricing at 100% loan-to-value (LTV), a minimum FICO score of 740 on a primary residence. The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify. Rates and terms are effective on 2/12/2025 and are subject to change without notice. Stated rate may change or not be available at the time of loan commitment or lock-in.

General Disclosures

Direct Rate is not affiliated with the Department of Veterans Affairs (VA), the U.S. Department of Housing and Urban Development (HUD), or the Federal Housing Administration (FHA). This is not a government offer, nor has it been approved or endorsed by any government agency. Program eligibility and underwriting requirements vary by applicant and by lender. “No income,” “no appraisal,” and “no minimum credit score” options are not available to all borrowers. Additional conditions, documentation, or credit standards may apply. Loan approval is subject to VA guidelines, investor requirements, and Direct Rate’s credit policies.

Purchase: The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Payments shown do not include taxes or insurance, actual payment obligations will be greater. Not all applicants will qualify.

Refinance: The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Every person’s situation is unique and not all applicants will qualify and your savings will vary. When refinancing your existing loan, reduction in payments may reflect longer loan terms and higher interest charges over the life of the loan.

Buydowns and Discount Points A mortgage rate buydown is a financing arrangement that gives a borrower a lower rate for a certain number of years or for the life of the loan. The borrower pays mortgage points at closing to cover the difference between the standard rate and the lowered rate. A buydown is a way for a borrower to obtain a lower interest rate by paying discount points at closing. The structure will vary depending on whether you want a permanent or temporary mortgage buydown rate. Discount points, also referred to as mortgage points or prepaid interest points, are a one-time fee paid upfront. In the case of discount points, the interest rate is lower for the loan term. In an alternate form of buydown, the points purchased reduce the interest rate for a given amount of time at the beginning of the loan. Buydowns are most beneficial when a seller or builder offers to pay the discount points on behalf of the buyer without significantly increasing the purchase price of the home. However, if the buyer intends to pay the points themselves, there are certain circumstances in which mortgage buydowns are more suitable. Ask your loan officer for details.

This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Example rates and terms are effective on 2/1/2025 and are subject to change without notice. Stated rate may change or not be available at the time of loan commitment or lock-in.

Reverse Mortgages or HECM loans This general information is NOT a substitute for the advice of an attorney, accountant, and/or financial planner. Before you decide to pursue a reverse mortgage, you should carefully consider your individual circumstances so you can make a wise decision about the most valuable asset you may own—your home. This is a loan, not a benefit. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Factors to consider include whether the proposed reverse mortgage is a recourse or nonrecourse loan, whether the loan would have a fixed or adjustable interest rate, and/or the current and projected market value of your home. While a reverse mortgage may allow you to use loan proceeds to pay off an existing mortgage or other debts, applicants should not assume these obligations are eliminated. A reverse mortgage uses your home’s equity to pay off existing debt, which consolidates those balances into the new loan. The loan balance grows over time and must be repaid when the home is sold, the borrower no longer occupies the property, or the loan otherwise becomes due. This may reduce the equity available to heirs, and total finance charges can be higher over the life of the loan. When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid. This is not intended to be tax advice. Consult a tax professional, financial planner or CPA for information concerning any tax implications for your specific situation.

Compliance Hint: Anytime using a rate quote you need the APR. APR rate must be same size and font as simple rate. Express rate in three decimals. Retain the methods and examples used to arrive at posted rates. The regs require they are available at the time posted and documentable and have a reasonable shelf life. For advertised rates even if examples rates you need the APR shown with the assumptions (loan amt, score, ltv, type loan, term) for those rates. Do not solicit, or advertise specific interest rates, points, or other financing terms unless the terms are actually available at the time of soliciting, or advertising. We suggest adding an effective or as of date for the quoted rate.