There really is not a Bank out there that would be known to have the lowest rates...I am being honest with you here. The interest rate is based on the type of loan you get and NEED that fits YOUR needs.....it is also based on your current personal profile, which would include your income, employment information, current debt and also your assets (how much money you have in savings, 401K etc.) So, it really is an individual basis for everyone..OH and one more thing...your interest rate will also have to do with how much money you put down on your home purchase....It all goes by the risk involved with giving you the loan.
If you ask someone to give you 200,000.00 to buy a home and you say...I will give you 20% down and I have a credit score of 700 and have been working at the same job for 10 years and the home I want is a home I will live in for my full time residence...well this is a nice deal for them and your interest rate will be lower than if you ask the same person to give you 200,000.00 and you put down 3% and your credit score is 670 and you have only been working at your job for 1 year. You see what I mean.
The other end of it is working with a Mortgage Broker is the best way to go...as they have access to the most programs available to you. If you need a special program like VA or FHA or even down payment Assistance programs through the State or Rural programs. Local Banks, Credit unions and even some brokers do not have access to programs like this. So, Really...it is best to talk to a Buyer Agent like me who can walk you through the entire process BEFORE you go and have your credit pulled which will reduce your score.
You need to know if the banks or financial institutions have the programs that fit your needs...before they pull your credit.
I hope this information has helped you and if you are looking for a home in the Lehigh Valley area which includes both Lehigh & Northampton Counties....I would love to talk to you more!