I can do “no cost” loans but it’s not necessarily the best loan…
Nobody can offer a true “no cost” refi at .25% higher than with a cost..and it’s IMPOSSIBLE on a $50K loan.
The spread is more like .625, and a higher loan amount.
As of Friday’s rates, the best rates that I had for loan amounts of $417K or less, 80% max LTV, 30 year fixed PITI were 5.25% with a cost. Qualifying full doc.
For a “no cost” loan the rate was 5.875%, but the loan amount needs to be at least $250K. The lower the loan amount goes, the higher the rate will be to make the loan
“no cost” $200K loan would be 6%, etc.
