I am buying a new home for 450,000. I plan on putting 25% down and have a FICA score of 770. What rate?

Asked by Rls, Massachusetts Fri Jun 27, 2008

should I be getting for my mortgage?

Help the community by answering this question:

+ web reference
Web reference:

Answers

10
, ,
Mon Nov 17, 2014
You are looking in the low 4% I can go over an application with you and get you an exact rate. You can reach me at 614-468-5705 or jhicks@americanfsb.com
0 votes
M R 330.338.…, Agent, Stow, OH
Mon Nov 17, 2014
This depends on the time of year and the CPI (Consumer Price Index) . RIght now rates are about 4.25% give or take for someone with your loan credentials.
0 votes
Marilyn Mess…, Agent, Concord, MA
Thu Dec 19, 2013
The rate also depends on your debt ratio and the length of the mortgage - 15 years vs. 30, also the type of mortgage - variable or fixed. My clients recently closed on a house in Stow and they had an excellent mortgage broker. If you are not already working with a Realtor, I would be happy to send you her contact information, If you are working with a Realtor, he/she should be able to refer you to a reputable lender.
0 votes
M R 330.338.…, Agent, Stow, OH
Tue Dec 10, 2013
It would all depend on what the rates are that day. You would be considered int he top tier so I would suggest Third Federal. Super low rates for Conventional buyers with 20% down.
0 votes
Tim Cahill, , Arlington, MA
Sat Jul 4, 2009
Where in Massachusetts are you, Ris? I have a couple of very good lenders I could refer you to if you're in the Boston/Eastern MA region. If you'd also consider making sure the home is Energy Star compliant and it needs some upgrades in order to become classified as such, you may also want to consider an Energy Efficient Mortgage, which would get you an even LOWER rate than otherwise possible.
Let me know if you'd like more details, or you can refer to my blog at http://cybergreenrealty.wordpress.com and read my entry on Energy Efficient Mortgages to find out more.
Best of luck and congrats on being such a wise saver!
--Tim
0 votes
Sun Jun 29, 2008
Thanks for the kind words Maria:)

Tino
0 votes
Maria Morton, Agent, Kansas City, MO
Sun Jun 29, 2008
Tino is right although you may be able to get a little lower if you already have an established relationship with a bank or credit union.
0 votes
Sun Jun 29, 2008
RIs,

Based on mortgage rates published Friday afternoon, you would probably fall somewhere between 6.375-6.500 percent on a 30 year fixed loan.

Please email me if you have any additional questions. Tino.Muratore@gmail.com

Thanks,

Tino Muratore
0 votes
John Youker,…, , Beavercreek, OH
Sat Jun 28, 2008
If all that is true, you do qualify for the lowest possible rate out there today. Depending on how long you will be in the house consider an adjustable rate loan - or even a ballon loan if you know you will not be there for a long time. The only reason to get a 30 year fixed rate loan is if you plan on being there for a long time. Find a good Realtor and a good loan officer to help you with these decisions.
Web Reference:  http://www.SWOhioRealty.com
0 votes
David M. Chi…, Agent, Uniontown, OH
Fri Jun 27, 2008
You would be eligible for the best possible rate that day, do not take anything less! Shop around.
Web Reference:  http://www.liveinakron.com
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Stow Zip Codes

Email me when…

Learn more