The interest rate applied to a mortgage is a crucial factor in determining the cost of a home loan. Typically set by the lender, mortgage rates can be fixed (remaining constant throughout the mortgage term) or variable (changing in accordance with a benchmark interest rate). These rates are influenced by overall interest rate fluctuations and hold significant implications for the housing market.
A borrower's credit score frequently influences the mortgage rate they are offered, impacting both the cost of the mortgage and the maximum loan amount they can secure. Ultimately, the rate applied plays a key role in determining the overall expense of the mortgage as well as the monthly payment amount.
We bring a customized, unique approach to mortgages. Our lending solutions use the perfect hybrid of human-driven insights and technical prowess to process loans faster and significantly reduce costs.
Effective Date: 9/1/2021
All loan approvals are conditional, not guaranteed, and subject to lender review of all information. A loan is conditionally approved when the lender has issued an approval in writing, but until all conditions are met, a loan cannot be funded. Specified rates may not be available for all borrowers. interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions. Pioneer Mortgage Funding Inc. is an Equal Opportunity Mortgage Broker headquartered in Tampa, Florida. This licensee is performing acts for which a mortgage broker license is required. Pioneer Mortgage Funding Inc. is licensed by the Florida Office of Financial Regulation, NMLS# 1936558. Pioneer Mortgage Funding Inc. is approved to originate Conventional, FHA, VA, and USDA loans, and has the ability to broker such loans to Conventional, FHA, VA, and USDA approved lenders. Pioneer Mortgage Funding Inc. is not acting on behalf of or at the direction of HUD/FHA or the VA.
