We have a program with Bank of America where they pay $1000 of your closing costs. As of yesterday, a 30-year fixed mortgage with them was 4.25%. And I agree with Chris below - the difference in monthly payments between 30 and 40 years is minimal. Good luck in your search!
The Cascade Team
Simply Outrageous Service! Not Outrageous Commissions!
I would quote this today at 5.25%, with a Loan Fee of $615.00 and an APR of 5.269%
I'm a licensed lender as well as a Realtor. I checked on a couple of my sources and didn't find any 40 year terms currently offered. Some may still have it, but frankly when I had it available I never used it. The rates were higher than a 30 year fixed loan and didn't offer much in terms of monthly savings, but over the life of the loan were much more expensive. Depending on your goals, there may be other ways of accomplishing them which is more affordable.