SC,, not a loan that has low rates..Rates can be different depending on the state. There may be a local lender that is comfortable loaning on local property with lower rates.
You want a 5 7 or 10 ARM or 30 YR Fixed ?
What state is it in ?
For a 30 YR Fixed in CA
With 25% down, credit score of 720+ my cost of money for a $900K max loan is 6.65% 30 YR fixed.
10 YR ARM 5.625%
or 5.375% for a 7 YR ARM loan max $850K
With only 20% down, credit score above 700, I don’t think that I have a 30 YR fixed. With a loan amount up to $1M, 10 YR ARM is over 9.00%
These are not my specialty that I often quote.
Different states have different rates.
Qualifying is full doc only.
Impound for taxes & insurance may be required.
