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Gustavo Herrera has been a part of the mortgage industry since 2002 and hasn't looked back since. Gustavo went to the University of Illinois in Champaign-Urbana, and graduated in 2001 with two majors, Business Communications and Spanish. He was brought into the mortgage industry about a year after graduating from college. He had two uncles that were both loan officers at the time and he saw how well they were doing, so one day he inquired and now fast forward years later and he has been a loan officer ever since. Although his uncles are no longer in the industry, Gustavo continues to strive because he has a strong work ethic and truly enjoys helping people achieve the American dream of home ownership. He prides himself in thoroughly explaining every aspect of the lending process to ensure his clients are well prepared and have all of the tools they need to feel 100% comfortable and confident with their loan, whether it's the first time or the last time they are buying or refinancing. Gustavo is a proud father of two amazing children, a 1-year old boy and a 6-year old girl, and a loving husband to his wife, whom he married in 2010. His #1 hobby, besides spending time with his family, is playing basketball, he plays in various Men's leagues across the city. A little fun fact about Gustavo, he is the first generation born here in the U.S. with two brothers. Both of his parents were born and raised in Mexico, he's very fortunate to have them as parents and says he is indebted to them for life! Reach out to Gustavo today and let him create a personal home loan strategy for you!
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|Loan type||Rate||APR||Discount points ($)||Mo. payment|
This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs, and monthly payment on your specific loan transaction may vary, and may include city, county, or other additional fees and costs. Mortgage rates are offered exclusively through Proper Rate and are subject to change without notice. The payment amount does not include homeowners' insurance, flood insurance (if applicable), or property taxes that must be paid in addition to your loan payment. The displayed Annual Percentage Rate (APR) is a measure of the cost to borrow money expressed as a yearly percentage. For mortgage loans, excluding home equity lines of credit, it includes the interest rate plus other charges or fees (such as mortgage insurance, discount points, and origination charges).
Conforming: Sample monthly payments for conforming loan products are based on a purchase price of $437,500, and a down payment of 20.00%. Advertised rates and APRs are subject to change without notice. Above scenarios assume a first lien position, 750 FICO score, 30 day rate lock on a primary residence.
Jumbo: Sample monthly payments for jumbo loan products based on a purchase price of $1,200,000, and a down payment of 25.00%. Advertised rates and APRs are subject to change without notice. Above scenario assumes a first lien position, 760 FICO score, 25 day rate lock on a primary residence.
FHA: Sample monthly payments are based on a purchase price of $310,880, and a down payment of 3.50%. Advertised rates and APRs are subject to change without notice. Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence.
VA: Sample monthly payments are based on a purchase price of $400,000, and a down payment of 0.00%. Advertised rates and APRs are subject to change without notice. Sample does not include VA funding fee (max VA funding fee of 3.3%). Above scenario assumes a first lien position, 680 FICO score, 30 day rate lock on a primary residence. Must be an eligible veteran. Subject to underwriting guidelines and applicant's credit profile.
These mortgage rates are based upon a variety of assumptions and conditions, which include a consumer credit score that may be higher or lower than your individual credit score. Your loan's interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.
One discount points equals one percent of your loan amount.
Proper Rate has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency.