mortgage rates: Can I Get A Mortgage With Less Than 20% Down?
- 09/13/11 03:19 PM
I was asked this question about three times over the last two days, so I thought I'd put out some information relative to this question. Needing 20% down is a common misconception in the marketplace today. There are numerous options for obtaining financing with less than 20% down. Below I will lay out several options for either no down payment or low down payment. NO DOWN PAYMENT OPTIONS: USDA/Rural Development - The Guaranteed USDA program offers 100% financing for qualified borrowers. There are many locations outside of major metropolitan areas that are eligible for this program. Click here to see if … (2 comments)
mortgage rates: Brandon's Weekly Mortgage Commentary - Week of 6-12-2011
- 06/13/11 02:49 AM
Here is this week's weekly mortgage commentary for the week of June 12, 2011. The US economy continues to grow. While that statement is true, the rate of growth continues to slow, and we seem to be hitting an even slower patch. While the economy has been very dependant on manufacturing to drive this recovery, we are seeing some slowing in that segment. In previous recoveries, consumers would generally be returning to spending, and driving more of the recovery effort. However, with the economy slow to add jobs, consumers are still holding back. This week is jam-packed with economic data for … (0 comments)
mortgage rates: Arab Alabama Mortgage Rates as of 06-01-2011
- 06/01/11 04:04 AM
I hope you all are having a great day! Here are today's mortgage interest rates for Arab, AL and the surrounding Marshall County area: ----------------------------------------------------------------- Conventional 30 Year Fixed - 4.875% (5.164% APR) Conventional 20 Year Fixed - 4.625% (5.016% APR) Conventional 15 Year Fixed - 4.250% (4.738% APR) FHA 30 Year Fixed - 4.750% (5.264% APR) FHA 15 Year Fixed - 4.250% (5.013% APR) VA Loan 30 Year Fixed - 4.75% (5.15% APR) USDA Rural Development 100% Financing - 30 Year Fixed - 4.50% (5.28% APR) AHFA Alabama Bond Monday - Step Up Loan - 4.75% (5.360% APR)
Rates … (0 comments)
mortgage rates: Cullman Alabama Mortgage Rates as of 06-01-2011
- 06/01/11 04:00 AM
I hope you all are having a great day! Here are today's mortgage interest rates for Cullman, AL and the surrounding Cullman County area: ----------------------------------------------------------------- Conventional 30 Year Fixed - 4.875% (5.164% APR) Conventional 20 Year Fixed - 4.625% (5.016% APR) Conventional 15 Year Fixed - 4.250% (4.738% APR) FHA 30 Year Fixed - 4.750% (5.264% APR) FHA 15 Year Fixed - 4.250% (5.013% APR) VA Loan 30 Year Fixed - 4.75% (5.15% APR) USDA Rural Development 100% Financing - 30 Year Fixed - 4.50% (5.28% APR) AHFA Alabama Bond Monday - Step Up Loan - 4.75% (5.360% APR)
… (0 comments)
mortgage rates: Should you get pre-approved before shopping for a home?
- 01/08/11 07:15 PM
That's a great question! Getting pre-approved by a lender should be one of the first steps you take when looking for your next home. If you're thinking to yourself, "My credit is good enough" or "I've purchased a house before, I"ll be ok" ...THINK AGAIN! Things in the mortgage world have changed dramatically in the past 12-18 months and a good credit score doesn't guarantee you an approval anymore. Underwriting is more intense now, and regardless of your FICO score, everything is put under the microscope: Your credit, employment history, asset documentation, and tax returns (just to name a few) … (2 comments)
mortgage rates: Mortgage Interest Rates in Marshall County, Arab, Guntersville, Albertville, Boaz, AL - 1-2-11 - Consumer First Mortgage
- 01/02/11 03:36 PM
Here are today's local Marshall County interest rates as of Janurary 2, 2011. These rates are for Arab, AL; Guntersville, AL; Albertville, AL; Boaz, AL; and other surrounding communities. Conventional 30 Year Fixed Rate 4.750% (5.037% APR) Conventional 15 Year Fixed Rate 4.250% (4.739% APR) FHA 30 Year Fixed Rate 4.625% (4.974% APR) FHA 15 Year Fixed Rate 4.000% (4.758% APR) VA Loan 30 Year Fixed Rate 5.000% (5.132% APR) 100% USDA / Rural Development Loan - 30 Year Fixed Rate 4.750% (5.102%) AHFA Step Up (FHA Down Payment Assistance Loan) 4.875% (5.207% APR) … (0 comments)
mortgage rates: Mortgage Rates for Alabama - 10-11-2010 - Consumer First Mortgage
- 10/11/10 09:58 AM
Here are today's interest rates for Alabama as of October 11, 2010. Conventional 30 Year Fixed Rate 3.875% (4.147% APR) Conventional 15 Year Fixed Rate 3.750% (4.232% APR) FHA 30 Year Fixed Rate 3.75% (4.082% APR) FHA 15 Year Fixed Rate 3.75% (4.503% APR) VA Loan 30 Year Fixed Rate 4.125% (4.250% APR) 100% USDA / Rural Development Loan - 30 Year Fixed Rate 4.00% (4.337%) AHFA Step Up (FHA Down Payment Assistance Loan) 4.500% (4.824% APR)
Apply Online today to lock in your rate! … (0 comments)
mortgage rates: Mortgage Rates for Marshall County Alabama 10-11-2010 - Consumer First Mortgage
- 10/11/10 08:57 AM
Here are today's local Marshall County interest rates as of October 11, 2010. Conventional 30 Year Fixed Rate 3.875% (4.147% APR) Conventional 15 Year Fixed Rate 3.750% (4.232% APR) FHA 30 Year Fixed Rate 3.75% (4.082% APR) FHA 15 Year Fixed Rate 3.75% (4.503% APR) VA Loan 30 Year Fixed Rate 4.125% (4.250% APR) 100% USDA / Rural Development Loan - 30 Year Fixed Rate 4.00% (4.337%) AHFA Step Up (FHA Down Payment Assistance Loan) 4.500% (4.824% APR) … (0 comments)
I was asked this question about three times over the last two days, so I thought I'd put out some information relative to this question.
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