AAFMAA Mortgage Services LLC (AMS), 1 Copley Parkway, Suite 420, Morrisville, NC 27560, Equal Housing Lender, NMLS # 1423968 (http://www.nmlsconsumeraccess.org/). Veteran Affairs (VA) approved lender #668521-00-00; not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. This is not a commitment to lend; all loans subject to credit approval and other criteria. Our Military Mortgage Advisors are licensed Mortgage Loan Originators, also known as Loan Officers. For state licensing and additional disclosures, see our Legal & Licensing page. Refinancing your mortgage may result in higher finance charges over the life of the loan.

Contact AAFMAA Mortgage Services LLC for current mortgage interest rates and a complete Loan Estimate. Your actual rate, payment, and fees/costs may vary based on your credit, assets, property value, loan-to-value, VA eligibility, mortgage product, term, and other criteria. Not all borrowers will qualify for a mortgage.

VA JUMBO LOAN PROMOTION: AAFMAA Mortgage Services LLC (AMS) will provide a $2,500 lender credit on a VA jumbo/high balance mortgage closed before 3/31/2024. This offer cannot be combined with any other offer.

NO FEE REFI IN THE FUTURE PROMOTION: AAFMAA Mortgage Services LLC (AMS) will waive its lender fees when you refinance the AMS mortgage you used to purchase your home. This equates to a value of $1,500.00 (AMS will waive its standard $1,149.00 admin fee, plus provide a lender credit = $351.00). Other costs and fees may still apply, for example, a cash-out refinance would require an appraisal fee plus title insurance, applicable taxes and filing fees, and other closing costs. If you are eligible for a VA IRRRL (streamline refinance), then the appraisal may not be required. This offer is valid if you obtain your purchase mortgage through AMS by 3/31/2024 and then refinance that mortgage within two years of the closing date of your home purchase.

SECOND OPINION OFFER: If you already are working with another lender, and contact AAFMAA Mortgage Services LLC (AMS) for a second opinion, we will give you a $100 Amazon Gift Card when you submit a complete mortgage application, and consent to pull credit to evaluate your situation. Then AMS will provide you with potential mortgage options including interest rates and estimated costs/fees. You are not obligated to get a mortgage with AMS. All loans are subject to credit and underwriting approval. This offer is valid on applications submitted on or before 3/31/2024.

EXAMPLE: As of June 21, 2023, with the “No Fee Refi in the Future” promotion, rates and fees for a VA Home Loan with a 30-year term, $300,000 loan amount, credit score ≥ 680, loan-to-value (LTV) = 95%, single-family primary residence in the state of North Carolina were 5.750% with 1.75% discount points ($5,250.00), 1.36% closing costs ($4,080), $1,149 administrative fee, 1.65% VA Funding Fee ($4,950), assuming 1st use and 5% down on home. Total costs and fees = $15,429.00 (not including prepaids/escrows). Monthly payment is $1,779.61 (principal and interest only) assuming all costs and fees are included in principal amount financed = $304,950. Payment does not include taxes or insurance premiums. Total of payments = $640,659.60 over 30 years. Total interest expense (including points) = $340,959.60 over 30 years and APR = 6.038.

EXAMPLE: As of June 21, 2023, based on an average size VA IRRRL loan amount financed of $304,515 at a fixed interest rate of 5.75% with a VA Funding Fee of 0.50% ($1,515), 1.75% discount points ($5,329.01), a $1,149.00 commitment or administrative fee, and closing costs (not including points) of 1.07% ($3,262.00) on a 30-year mortgage. Total costs and fees = $10,106.01 (not including prepaids/escrows), monthly principal and interest payment = $1,777.07 for 360 months, total of payments = $639,745.20, total interest paid including points = $335,230.20 and the annual percentage rate (APR) = 6.038%.

EXAMPLE: As of March 21, 2023, based on an average size VA Home Loan mortgage of $300,000 in the state of NC at a fixed interest rate of 5.75%, 1.0% discount points ($3,000), a $1,149 commitment or administrative fee, and closing costs of 1.36% ($4,080) on a 30-year mortgage. Total costs and fees = $8,229, monthly principal and interest payment = $1,768.23 for 360 months, total amount financed = $303,000, total of payments = $636,561.27, total interest expense = $333,561.27 and the annual percentage rate (APR) = 5.842%. Assumes the qualifying military homeowner is eligible to have the VA Funding Fee waived. This also assumes all $8,229 costs and fees are included in the $303,000 amount financed, with $294,771 going toward the purchase price of the home at 100% loan-to-value (LTV).
 
EXAMPLE: As of October 25, 2022, based on an average size VA Cash-out Refinance* mortgage of $300,000 at a fixed interest rate of 6.75%, 1.0% discount points ($3,000), a $1,149 commitment or administrative fee, and closing costs of 1.36% ($4,080) on a 30-year mortgage. Total costs and fees = $8,229, monthly principal and interest payment = $1,965.25 for 360 months, total amount financed = $303,000, total of payments = $707,490.00, total interest expense = $404,490.00 and the annual percentage rate (APR) = 6.848%. Assumes the qualifying military homeowner is eligible to have the VA Funding Fee waived. This also assumes all $8,229 costs and fees are included in the $303,000 amount financed, with an existing mortgage pay-off of $244,696 and $50,075 cash back to the borrower(s).

BETTER RATES, INFLATION BUSTER PROMOTION: If you have already applied with another lender, show us a valid Loan Estimate (LE) that they are required to provide to you and we will try to beat it by at least a half of a percent (50 basis points better on a combination of the interest rate and origination/discounts points).

Contact AAFMAA Mortgage Services LLC (AMS) for current rates and a complete loan estimate. Your actual rate, payment, and fees/costs may vary based on your credit, assets, property type, loan-to-value, VA eligibility, mortgage product, term, and other factors. As of October 21, 2022, with the “Better Rates, Inflation Buster” promotion, rates and fees for a VA Home Loan with a 30-year term, $300,000 loan amount, credit score ≥ 680, loan-to-value (LTV) = 95%, single-family primary residence in the state of North Carolina were 5.750% with 1.25% discount points ($3,750), 1.36% closing costs ($4,080), $1,149 administrative fee, 1.65% VA Funding Fee, assuming 1st use and 5% down ($4,950), and an APR of 6.172%. Total costs = $13,929. Monthly payment is $1,832.00 (principal and interest only) assuming all costs and fees are included in principal amount financed = $313,929. Payment does not include taxes or insurance premiums. Total of payments = $659,520 over 30 years. Interest paid over the entire life of the loan = $345,591.

FHA LOAN SPECIAL PRICING PROMOTION: This special pricing promotion is for a limited time only for FHA Loans. Must apply by 11/7/22 and close the loan by 12/1/22. Half percent is taken off standard interest rate pricing at the time the borrower applies and locks-in the rate. For example, if today’s interest rate = 6.50%, then the borrower may qualify for 6.00%. Interest rates vary daily based on market conditions and other factors such as credit score and other parameters. The borrower may choose the “½ percent off interest rate” offer or the “2% towards closing costs” offer. These cannot be combined. The 2% off closing costs equals the $ amount financed multiplied by 0.02. For example, on a $300,000 FHA Loan amount, AMS will contribute $6,000 toward closing costs. Example is based on a loan amount $300K loan amount with a fixed interest rate of 6.00% for 30 years, 96.5% loan-to-value (LTV), borrower FICO = 620, total estimated closing costs = $11,791.45 with monthly payment of $2,001.15, total of payments = $724,014.57 with interest paid of $347,514.00 over the 30-year period. Total closing costs include an FHA upfront Mortgage Insurance Premium (MIP) = $5,250.00 and monthly MIP of $212.50 is included in the monthly payment shown above.

IN TEXAS:

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.