There are many variables in loan pricing/qualifying including credit score, equity, loan amount, source of income, property type, term, if you are paying off a 2nd OR HELOC or taking cash out and whether or not you have an impound account for taxes insurance.
There is a difference between a no cost loan and a no point loan.
Pricing is subject to change at any time until locked.
Getting a true no cost loan depends on your loan amount. It is a higher rate to get a $100K no cost loan than a $400K no cost loan.
Up to $417K loan amount, at the moment, 30 YR zero cost loans for primary residence houses are between 4.625% and 4.875% 15 YR loans are 4.125-4.25%.
With a cost 15 YR loans are as low as 3.75% and 30 YR as low as 4.25%. ARMS are in the 3’s.
Rental houses with at least 25% equity are as low as 5.00% on 30 YR or 4.375% for 15 YR
THERE IS NO ONE RATE THAT FITS EVERYONE!!!
Not everyone can qualify.. Condos/Townhomes can be more difficult. Pricing could be better or worse tomorrow!… HLS
