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HLS
ParticipantTrue no cost loans (no points, no fees) depend on your loan amount. Today’s pricing for loans above $250,000 for a no cost 30 YR Fixed loan was 4.625%
IF YOU QUALIFY….A true no cost loan has no closing costs to the borrower.
You are not getting a free loan, you will get a higher rate and have a higher payment than if you paid the costs. If you plan on keeping the loan for at least 4 or 5 years, you are better off paying some costs and getting a lower rate/payment.
In the long run, a no cost loan can cost tens of thousands of dollars in wasted interest over the life of the loan… HLS
Pricing changes every day.
Participant30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
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Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
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Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLSParticipant30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLSParticipant30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLSParticipant30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLSParticipant30 YR fixed Rates as low as 4.375% with a cost, for a 4-plex, with 1 unit owner occupied and 20% down. IF YOU QUALIFY.
With no points, the current 30YR rate is 4.875%
****
Without an owner occupied unit, with 25% down the no points rate is 5.375% OR you can buy down the rate and get 4.875% or lower.
****
Same rate on refi’s if you have the equity and can qualify..Pricing changes every day… HLSParticipantThere 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!… HLSParticipantThere 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!… HLSParticipantThere 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!… HLSParticipantThere 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!… HLSParticipantThere 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!… HLSParticipantWe aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016
ParticipantWe aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016
ParticipantWe aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016
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