Answers (9)
I would suggest doing a qoute request on Zillow, and including in the comments section that you are interested in the HARP program... and see who responds.
- Sofia Nygaard, "Sofia Nygaard"
- Contributions:43
One more note, if your lender is Wells I can safely say a better rate is available, however, if by no points you mean no origination or lender fees (typically a "point" is defined as a discount point which means you're buying down the rate but some people confuse it with origination) then 5.0% is a good rate. If you want to pay origination you can probably get as low as 4.625%.
- Loan Officer, "MarylandMortgages"
- Contributions:2097
Justin makes a great point.... You may be able to time the market and get 4.875, but I would run with it.
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:4281
5% no points seems OK to me. Monday rates were up about .125 to .25% so any printed "average rate" will be outdated by the time you read it.
- shamrock_heights
- Contributions:12
Wells Fargo is my current lender
- Chip Streater, "TarheelChip"
- Contributions:10447
Based off other posts about the same program, you are good. The best I've seen.
- Sofia Nygaard, "Sofia Nygaard"
- Contributions:43
Oh I see, so you're doing the Freddie to Freddie Relief Refi. That one is a little more limited because you have to use the lender you're currently with. I know some of my lenders have better rates on that program, but it all depends on your lender. Some lenders might not be offering as competitive rates as others. Who is your current lender?
- shamrock_heights
- Contributions:12
My loan is held by Freddie so I do not think I'm using DU refi plus. I needed to get a loan under HARP to avoid PMI since my ltv has gone above 80%.
- Sofia Nygaard, "Sofia Nygaard"
- Contributions:43
Hi Shamrock,
That depends, why are you using the HARP program and by HARP program do you mean DU Refi Plus? Depending on the price hits you have this may or may not be a good rate. In general, you shouldn't have any hits for credit score or cltv but if you are using this program for another reason other pricing hits may apply, such as subordinate financing.
If you don't have any other determining factors, just 90% ltv with no 2nd, great credit and this is a single family primary residence, you should be able to get today's prevailing rate.
That depends, why are you using the HARP program and by HARP program do you mean DU Refi Plus? Depending on the price hits you have this may or may not be a good rate. In general, you shouldn't have any hits for credit score or cltv but if you are using this program for another reason other pricing hits may apply, such as subordinate financing.
If you don't have any other determining factors, just 90% ltv with no 2nd, great credit and this is a single family primary residence, you should be able to get today's prevailing rate.
5% (no points) for 30 yr refi under HARP?
I have around 800 credit score. and 90%ltv
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