2007-09-09 15:47:54 · 2 answers · asked by blondemedicalstudent 1 in Business & Finance ➔ Renting & Real Estate
If you are putting 20% down and have excellent credit: 6% (30yr fixed)
If you have excellent credit and you are doing FHA: 6.5% (30yr fixed)
If you have excellent credit and are doing 100% financing: 7% (30 yr fixed)
If you have bad credit, it will be very hard to get a loan.... its hard to predict what the rate might be.
5yr ARM is running around 5-5.5%.... DONT get an arm though.
Rates will vary by state and your unique situation.
See a builder, they are buying rates down as well.
2007-09-09 16:06:47 · answer #1 · answered by Mike 6 · 0⤊ 2⤋
That depends upon your creditworthiness as well as a number of other factors. Borrowers with the best credit are looking at around 6.25% for conventional loans with 20% down.
2007-09-09 23:07:24 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋