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Answers (16)
Best Answer
- Brian Goetz, "bri_gets"
- Contributions:295
I just locked an FHA purchase with a 719 credit score on a $227,500 sales price in Colorado at 4.25% with no points and a $700 lender credit towards the buyers closing costs.
I would definately look elsewhere for a better rate.
I would definately look elsewhere for a better rate.
- Rocky G.H. Hawrysz, "Rocky G.H. Hawrysz"
- Contributions:125
Sorry, Clay your right. Check Zillow also.
- shapiroamg
- Contributions:3058
Must be why Rocky has no reviews. Why look for home through Rocky when you can use Realtor.com
- Clay Branch, "Georgia Loans"
- Contributions:7835
Why check bankrate when the rates are better through Zillow?
- Rocky G.H. Hawrysz, "Rocky G.H. Hawrysz"
- Contributions:125
Check Bankrate.com
- James Peters, "JamesRPetersSr"
- Contributions:98
Can you bring 5% down. I can do a 30 year conventional loan with no PMI.
- T.C. Whiting, "TC_at_PNC_Bank"
- Contributions:332
Sounds waay high. Low 4s is the current market for most people (and sounds like you should be in that box). Not everyone can get the same rates on FHA as some of us though, so it's quite possible that's the best they have to offer you.
- Brian LeBars, "Brianlebars"
- Contributions:22
Brian is right. FHA rates are much lower. You would be best suited to look elsewhere. If you have questions call me anytime.
- Mark Nehs, Wisconsin, "WI Mortgage Lender"
- Contributions:250
Very high for an FHA rate.
If not, it would make a little more sense. Also the fact that they quoted 4.875% leads me to believe not FHA.
If not, it would make a little more sense. Also the fact that they quoted 4.875% leads me to believe not FHA.
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3421
Strange, not sure about that, Zillow picks those phone numebrs for confirmed lenders, they aren't the numbers we use for everyday business.
If that number isn't working, you can send me an email through the profile with your contact information and then we can get in touch that way.
If that number isn't working, you can send me an email through the profile with your contact information and then we can get in touch that way.
- daisiebug
- Contributions:4
Justin your number doesn't ring to you. it's wrong number. other contact info?
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3421
If the appraiser hasn't been to the property yet, you should be able to get the order cancelled and your funds returned. Even if he has been to the property and completed the report, FHA appraisals can be easily transferred from one lender to another so your money will not be lost.
Prospect Mortgage will have to release your FHA Case # to allow any new lender of your choosing to complete your transaction, but many lenders can still begin to process and underwrite your loan with the Case # transfer pending as a prior to closing condition.
Prospect Mortgage will have to release your FHA Case # to allow any new lender of your choosing to complete your transaction, but many lenders can still begin to process and underwrite your loan with the Case # transfer pending as a prior to closing condition.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Daisie,
I didn't think anyone could get away with this any longer. Guess I'm wrong. If the appraisal hasn't been performed you should get your money back. Call right now and cancel the order and your loan.
Justin was the first to answer your question and he lends in California. Give him a call. I'm positive he'll treat you well.
Happy funding, Rudi
I didn't think anyone could get away with this any longer. Guess I'm wrong. If the appraisal hasn't been performed you should get your money back. Call right now and cancel the order and your loan.
Justin was the first to answer your question and he lends in California. Give him a call. I'm positive he'll treat you well.
Happy funding, Rudi
- daisiebug
- Contributions:4
We're working with prospect mortgage. the appraisal has already been ordered and charged to our credit card.....can we change?
- Michael Abram, "Michael Abram"
- Contributions:17
Hello,
I'm assuming that it's a single family residence and 3.5% down and I'm looking at 4.375% on a 30 year fix. Based on current market, this also includes a credit back to you towards your closing costs of approximately $600. Rates have increased slightly from the lenders I've been looking at.
I'm assuming that it's a single family residence and 3.5% down and I'm looking at 4.375% on a 30 year fix. Based on current market, this also includes a credit back to you towards your closing costs of approximately $600. Rates have increased slightly from the lenders I've been looking at.
- Justin Sheftell, "Courtesy Mortgage"
- Contributions:3421
Yes, very high for FHA, there is about 5-6% of loan amount profit margin to originator built in at that rate.
Based on the FICO scores and loan amount you have mentioned, 4.25 to 4.50 with zero points should be easily attainable, assuming this is for 30 year fixed rate loan.
FHA Rates!!!!
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