Low down payment financing - rates starting at 4.657% APR2 and zero points loan options available.3Apply Now
Most people feel they still need to put down the traditional 20%. Learn about how you can put down as little as 5%.Watch Now
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For mortgage applications received from 9/26/2018-4/30/2019, Laurel Road Bank is offering up to $1500 in lender’s credit towards mortgage closing costs for customers with an existing lending relationship who are either currently participating in a medical/ dental residency or have completed a medical/ dental residency program. An $850 credit will be applied at application and up to $650 can be earned as a “Reward”. Credits cannot exceed applicant’s actual costs to close. Offer cannot be combined with other offers. For more information on “Rewards” see the Rewards Program.
If you have questions or concerns regarding the Existing Customer Offer, please call at 877-801-4686 or email firstname.lastname@example.org.
Laurel Road Bank offers applicants the opportunity to participate in a reward-based program (the “Rewards Program”) throughout the mortgage loan application process. Through the Rewards Program, applicants may have the opportunity to accrue points that will be redeemable and applied towards costs at closing.
The accrued points are earned by choosing certain specified options to complete the mortgage loan application process. The most cost effective and efficient tasks lead to the greatest amount of points. When you close your mortgage, the total amount of points earned are awarded and then converted into a lender credit. The dollar amount of the lender credit is then applied toward eligible non-recurring closing costs or disclosed fees.
Your participation in the Rewards Program is voluntary, and is expressly conditioned on compliance with the Program Rules and with all present and future Program Rules, terms, regulations, policies, and procedures that Laurel Road may, in its discretion, adopt from time to time.
ACCRUING POINTS AND/OR CHOOSING CERTAIN SPECIFIED OPTIONS TO COMPLETE THE MORTGAGE APPLICATION PROCESS DOES NOT AFFECT THE REVIEW OF THE BORROWER’S MORTGAGE APPLICATION, LAUREL ROAD’S ULTIMATE DECISION REGARDING THE BORROWER’S MORTGAGE APPLICATION, OR ANY TERM OF A LOAN OFFERED BY LAUREL ROAD OTHER THAN A REDUCTION OF NON-RECURRING CLOSING COSTS OR DISCLOSED FEES.
If you have questions or concerns regarding rewards, please call at 877-801-4686 or email email@example.com.
2. The stated Annual Percentage Rate (APR) is based on a 30 year fixed rate purchase money loan, loan amount of $500,000, with a down payment of 20% and estimated borrower-paid finance charges. The APR is accurate as of 9/26/2018 and is updated periodically. APR is for informational purposes only and is subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, credit score, loan to value, refinance with cash out, state specific fees, and other variables.
3. Depending on loan parameters, borrower may be charged loan origination points. Instead of paying loan origination points, borrower may opt to pay a higher interest rate.
MORTGAGE TERMS AND CONDITIONS
Laurel Road Bank is an Equal Housing Lender and complies with the Federal Fair Housing Act. Laurel Road Bank does not engage in business practices that discriminate on the basis of race, color, national origin, religion, sex, disability, marital status or family status (including having children under the age of 18 and pregnant women). Laurel Road Bank also does not discriminate because all or part of your income may be derived from a public assistance program or because you have in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that monitors Laurel Road Bank’s compliance with the Federal Fair Housing Act is the Federal Deposit Insurance Corporation.
Laurel Road Bank loans are originated by Laurel Road Bank, NMLS #402942.