I could possibly work that out for you based on today’s pricing. What’s the house value ?
Approvals and appraisal waivers are generated online. Individual lenders do not decide who needs an appraisal and who doesn’t.
I’ve seen appraisal waivers at 90% of the value and I’ve seen appraisal required when 40% of the value when I expected an appraisal waiver.
There is no one rate that fits everyone and pricing changes every day.
The basic factors are pretty simple:
Credit score
Loan Amount
House Value
Cash Out OR Refi existing balance
Primary Residence OR Rental property
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The basic pricing tiers
Less than 20% equity
20-24.99% Equity
25%-39.99% Equity
40%+ Equity
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Self employed is the same pricing as salaried but more documentation needed for self employed.
The hassles today are solar liens & HELOCS but these can usually get worked out.
The more equity one has, the less credit score matters (to a point)
VA rates are amazing, approaching 2.25% for 30 year.
Effective last week, it is now MUCH easier for National Guardsman to qualify for VA loans
