Home Buying in Palmdale>Question Details

Barbara Holb…, Real Estate Pro in Northridge, CA

What is the best loan interest rate my clients can get?

Asked by Barbara Holbrook, Northridge, CA Thu Mar 7, 2013

This is the question asked most by my buyers because it is their most important concern.

Help the community by answering this question:



Depends on your client's credit worthiness and loan package , I have seen conventional 3.25% for 30years, 15 years 2.75%

Vincent Paige |REALTOR® | RE/MAX Showcase
Certified Broker Price Opinion Registered Agent (BPOR)
8934 Conroy Windermere Road | Orlando, FL 32835
Direct: 407.256.8190 | Fax: 407.264.8073
E-mail: vince@thepremiumproperties.com
0 votes Thank Flag Link Fri Apr 19, 2013
Depends on your clients loan package.
0 votes Thank Flag Link Fri Apr 19, 2013
Hello Barbara, This of course all depends on their fico scores, debt to income ratio credit profile and how much they want to invest into the down payment and closing costs. We still have record low interest rates below 4% on 30 yr fixed. It only takes a few dozen questions to qualify in minutes. I can run credit and issue a DU Approval or pre-approval letter within an hour to get out shopping for a home and submitting offers. Here is a list of documents needed for processing a loan approval.

I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for program, rates and terms as necessary. They may qualify for FHA standard 3.5% down or as low as .5% half percent down payment program with a minimum 580 fico score. Conventional financing requires a minimum 620 fico score to qualify for 5% down and NO Mortgage insurance (Lender paid MI) or 3% down conventional with a minimum 700 fico score. Of course the rate depends on the program, debt to income ratio and fico scores. Here are some links to study and consider that I offer. I can quote rates and terms to any scenario as I offer ALL loan programs available.






Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
NMLS# 297251
9am till 9pm 7 days
0 votes Thank Flag Link Thu Mar 7, 2013
This is based on a number of things to include, credit rating, down payment, risk assessment by lender, etc. 30 year fixed for 3.25% is very common for average credit.....here in Central FL

0 votes Thank Flag Link Thu Mar 7, 2013
The 3.25% is for average credit, what would your interest rate be for a score of 720 or above?
Flag Thu Apr 18, 2013
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