FORT WASHINGTON, Pennsylvania – (BUSINESS WIRE) – Fast growing lender Filo Mortgage is now offering a 1.99% (1.99% APR) mortgage rate with no points and no issuing fees for 15 year conventional term purchase loans.
Filo Mortgage continues to lead the way in low-yield no-point mortgages. To qualify for the 1.99% no-point interest rate, borrowers must have a credit score of over 680, a down payment of at least 20%, and a loan amount greater than $ 200,000. Filo Mortgage offers qualified applicants loan interest rates of just 2.625% (2.625% APR) with no points and no commitment fees at conventional 30-year terms.
For more information on Filo tariffs, consumers can visit: https://www.filomortgage.com.
Filo Mortgage Founder and Co-CEO Jeffrey Frutkin said, “We want to get the message across that you can get a very low no-point interest rate on your new home loan. If you buy a home and use one of the major banks for your mortgage, you may be paying too much for your loan. Large brick and mortar businesses have larger cost structures and tend to pass these costs on to borrowers in the form of higher mortgage rates and fees. It’s worth getting a second or third quote to see if you can get better prices. Even a small change in the interest rate can save thousands of dollars over the life of the loan. ”
Filo Mortgage encourages consumers to check their credit estimate to ensure they are not paying any points or award fees unless they are intentionally buying down the interest rate.
About filo mortgages
Filo Mortgage, LLC is a fast growing lender that offers its borrowers extremely low interest rates, fast close deals, and an easy-to-use digital experience. Established in 2019 and licensed in 22 states, the company and its reputation have grown rapidly under the direction of a management team with extensive experience in the mortgage industry. Filo Mortgage is headquartered in Fort Washington, Pennsylvania with offices in Texas, Arizona, and Missouri. Since its inception in 2019, Filo Mortgage has exceeded $ 3 billion in completed loans. Filo Mortgage is focused on making borrowing quick and hassle-free, with the lowest possible cost for both home purchase and refinancing loans. Filo does not charge any origination fees.