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Answers (25)
- John Paunan, "John Paunan"
- Contributions:1145
Craque, what?!
- Nic Netherton, "Colorado Lender"
- Contributions:7219
Actually Nathan you get a big FAT thumbs down.
Lending Tree? Seriously??? geez....
Lending Tree? Seriously??? geez....
- Rob Cochems
- Contributions:3523
- SoCal_Engr
- Contributions:5651
Nice, point them to LendingTree and other mortgage-spam sites...what about Zillow's mortgage feature? You can get the same information, but without the nagging phone calls and emails that come with your recommendation (not to mention the fact that Zillow's site does not restrict the number of lenders that can respond).
There are any number of websites (bankrate, bloomberg, etc.) where you can get an idea of what mortgage rates are doing. However, to find out what rates you can get in your specific situation (rates change based on terms, loan-to-value, amount, type, credit rating, etc.), try posting a request on Zillow's Mortgage tab.
There are any number of websites (bankrate, bloomberg, etc.) where you can get an idea of what mortgage rates are doing. However, to find out what rates you can get in your specific situation (rates change based on terms, loan-to-value, amount, type, credit rating, etc.), try posting a request on Zillow's Mortgage tab.
- Nathan Wolf, "natewolf"
- Contributions:1825
So much for trying to answer the guy's question.
Craig, mortgage rates change constantly depending on what type of mortgage and many other factors. The best thing to do is to hire a Mortgage Broker or go to a site such as LendingTree.com -- which will have brokers contact you, and then you can enter some information and receive back some up-to-the-minute quotes on mortgage rates. If you want to get a "ballpark" of the mortgage rates you can also check out LendingTree.com or any bank's website such as BankofAmerica.com or any other bank.
It also depends on your state. Rates are different in different states.
As of 5:17pm ET, rates in NC on a 30-year fixed rate are as low as 4.875% (4.979APR) on LendingTree.com
If this answered your question, give me a "THUMBS UP":
- Nic Netherton, "Colorado Lender"
- Contributions:7219
gracey--
Why do you scold them and then leave their information up on the boards? Kinda defeats the purpose.
Why do you scold them and then leave their information up on the boards? Kinda defeats the purpose.
Hi Podgie-
Please refrain from providing your contact details on your comments. The users can go to your profile page to view your information. Please abide by the Good Neighbor Policy (http://www.zillow.com/how ... olicy.htm) in the future.
Thanks for your understanding.
- Greg Darlin, "Greg Darlin"
- Contributions:3238
Timothy Coyle,
Stop the self-promoting spam. Your website is horrible. Show and gives nothing just like your posts and your rates: empty.
Stop the self-promoting spam. Your website is horrible. Show and gives nothing just like your posts and your rates: empty.
- Michael Yaeger, "yaegermike"
- Contributions:754
- Rob Cochems
- Contributions:3523
- PADG
- Contributions:9
Make sure that your Loan Officer is using in order to assure that you are getting the lowest available rate that is in the market.
- Greg Darlin, "Greg Darlin"
- Contributions:3238
Rudi,
You might want to recheck those guidelines as they have changed.
You might want to recheck those guidelines as they have changed.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Please disregard tthe response to Greg. WRONG Thread! Opps!
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Greg, this is my understanding regarding amount of properties financed:
Per Agency Guidelines:
1. Financing an O/O there is no limit on properties financed.
2. Financing a 2nd home or N/O/O the limit is 4.
3. On Multi-Family and all other Commercial Properties there is no limit.
Portfolio Lenders differ on this guideline, some allowing more.
Per Agency Guidelines:
1. Financing an O/O there is no limit on properties financed.
2. Financing a 2nd home or N/O/O the limit is 4.
3. On Multi-Family and all other Commercial Properties there is no limit.
Portfolio Lenders differ on this guideline, some allowing more.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Craig, OK.
Per your example:
Los Angeles County - Owner occupiied - Debt to income up tp 45% - Fico mid-score minimum 720 - SFR, Condo, High Rise Condo - Maximum Loan to Value 75%. On a $1M purchase, loan amount $750K max.
Rates below:
Fixed Rate: 30F - 6.350% / 15F - 5.900%
ARM: 5/1 - 5.600% / 7/1 - 5.700% / 10/1 - 5.950%
Interest Only ARM: 5/1 - 5.800%
This is not a solicitation.
Per your example:
Los Angeles County - Owner occupiied - Debt to income up tp 45% - Fico mid-score minimum 720 - SFR, Condo, High Rise Condo - Maximum Loan to Value 75%. On a $1M purchase, loan amount $750K max.
Rates below:
Fixed Rate: 30F - 6.350% / 15F - 5.900%
ARM: 5/1 - 5.600% / 7/1 - 5.700% / 10/1 - 5.950%
Interest Only ARM: 5/1 - 5.800%
This is not a solicitation.
- Greg Darlin, "Greg Darlin"
- Contributions:3238
GVD,
I think that is what we all have been saying . . .
I think that is what we all have been saying . . .
You can go to 80% LTV to $1 million on PURCHASE only, with 720+ FICO
5/1 ARM 7.0% (No PPP)
30 yr Fixed 7.375% (No PPP)
7/1 ARM is higher on rate than 30yr Fixed
Post a loan request on Zillow and then post the ID here.
- Greg Darlin, "Greg Darlin"
- Contributions:3238
Craig,
You might want to check with a credit union in your area if you belong to one and/or can join. Also, if you are a member of Pentagon Federal Credit Union, they have some very good rates: Pentagon Federal
Their Super Jumbo: over 750k, requires 25% down. The rates is excellent for that loan amount: 5.750. If you, or any member of your family, mother, father, brother etc., has been in the active military for the Airforce and Army, you can join.
Good luck.
You might want to check with a credit union in your area if you belong to one and/or can join. Also, if you are a member of Pentagon Federal Credit Union, they have some very good rates: Pentagon Federal
Their Super Jumbo: over 750k, requires 25% down. The rates is excellent for that loan amount: 5.750. If you, or any member of your family, mother, father, brother etc., has been in the active military for the Airforce and Army, you can join.
Good luck.
- Andrew Adams, "203K Specialist"
- Contributions:9349
- Greg Darlin, "Greg Darlin"
- Contributions:3238
Craig,
With most Jumbo Adjustable rate mortgages, minimum down is 25%, making the LTV 75%.
Maximum Conforming Limit in your area should be 625k, so you will not have such a pretty rate on the fixed side. Investors really don't seem to have much of a want for loans over that amount except a few ones that specialize in Arm's.
My suggestion to you is to post a loan request on Zillow and see what type of responses you get.
Good luck.
With most Jumbo Adjustable rate mortgages, minimum down is 25%, making the LTV 75%.
Maximum Conforming Limit in your area should be 625k, so you will not have such a pretty rate on the fixed side. Investors really don't seem to have much of a want for loans over that amount except a few ones that specialize in Arm's.
My suggestion to you is to post a loan request on Zillow and see what type of responses you get.
Good luck.
- Craig Stechman
- Contributions:27
How about 15 yr- 30 yr fixed 5 and 7 yr ARM on 800K- (1M with 20% down no PMI)
how's that..
Looking at Redondo Beach CA
how's that..
Looking at Redondo Beach CA
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
Craig, that depends on loan product, property type, location, occupancy, borrower's credit, debt to income, loan amount, loan term and loan to value. You can post a loan request on ZMM to receive some quotes for your situation.
- Greg Darlin, "Greg Darlin"
- Contributions:3238
Craig,
That is too broad of a question. Can you be more specific?
That is too broad of a question. Can you be more specific?
what is current mortgage rates?
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