Home Buying in San Francisco>Question Details

SF Home Buyer, Home Buyer in San Francisco, CA

Is this a good int. rate ? What other types of loans should I look at ?

Asked by SF Home Buyer, San Francisco, CA Tue Mar 3, 2009

I am looking to buy a $650K condo in the Central Richmond. My mortgage broker has given us a rate of 5.5% interest rate (with paying for 1 point) for a conf. jumbo 30 yr fixed. We have excellent credit scores (above 720) and no outstanding debt.
Is this a good rate/deal ? What other type of loans should I look into that might be better ?
The exact breakdown I got was
for a $600,000 fha fee $610,500
5.5% (conf jumbo 30 yr fixed paying 1 pt)
$3466.35
Tax$618
Ins$41
Hoa$178
MI $279
Total $4582.35

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Answers

1
I am not a broker or agent but my husband and I have a similar file. You seem to be getting a great deal. Ours was quoted at 7% and our scores are 700's and 800's with high income. The problem for us is they all want at least 20% down!
0 votes Thank Flag Link Tue Mar 3, 2009
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