Credit score is only one part of the process. I would recommend you contact a lender to advise you on your specifics. If you don't know of any send me an email and I can recommend you a few to check loan products and fees. Just email me at email@example.com
Here are Today's Rates:
30 Year Fixed 4.40% +0.03
15 Year Fixed 3.47% +0.01
5/1 Year ARM 3.52% -0.04
1 Year ARM 2.96% 0.00
Last updated: Jul 18, 2013
Your credit score is just one of the factors that determines your credit worthiness. Talk to a Mortgage professional and with all the facts, you will get the best answer.
Your credit score is not the only factor you need. You need to have a good income, employment history, credit history. My best advice is for you to see a mortgage lender. Now, most likely you can get a better rate with a direct lender than with a mortgage broker. Also, at the moment FHA loans are giving a lower interest rate than a conventional loan. You can send me an e-mail so I can refer you a couple of direct lenders that can help you out.
Miami Premier Realty
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There are a number of factors in determining the rate beside credit scores. Different lenders charge varying amounts, programs greatly affect rate, 15, 20, 30 year terms, down payment will affect rate too.
For the sake of discussion, I took a look at a rate sheet adjusted for your score and assuming a 30 year fixed rate loan with 20% down you would be looking at low 4% range. I can't quote anything specific because you are not applying with me, I'm not currently a licensed lender and I don't have rate sheets for FL.
FHA may be a better deal as the price adjustment for your score may not be as severe and the down payment requirement is only 3.5%.
Here's the great news; if you qualify, rates at all scores are so good right now compared to at any time in the past 40 years or more you will be in great shape.