Answers (3)
- crios323
- Contributions:5
Yes I'm buying with an FHA program, with 3.5% down and the proerty is a foreclosure. The loan amomount will be for 265K and I have good credit of 710 or better.
- The Carrabba Group
- Contributions:1154
Hello,
I think that seems high depending on your credit history
Please contact me so I can have a mortgage professional contact you to determine if that is fair BUT it does seem high for an interest rate on a first time home.
Best,
Monique Carrabba
The Carrabba Group
I think that seems high depending on your credit history
Please contact me so I can have a mortgage professional contact you to determine if that is fair BUT it does seem high for an interest rate on a first time home.
Best,
Monique Carrabba
The Carrabba Group
From the APR spread, I am assuming this is an FHA loan. Unless your credit score is below 620 and/or there are special circumstances, it's probably not a very good deal.
Please post your situation and it will be easier to evaluate what you have been offered.
Loan Amount
Credit score
Down payment
Property type
Etc.
Please post your situation and it will be easier to evaluate what you have been offered.
Loan Amount
Credit score
Down payment
Property type
Etc.
is a yearly rate of 6.015% too high for a first time home buyer, with an interest rate of 5.25%?
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