YES, RECORD LOW INTEREST RATES ARE STILL HOLDING
I have been locking rates of under 4% on FHA thirty year fixed on and off for the last year with high fico scores. These types of low interest rates raise a buyers purchasing power so act as soon as you can. The rates are going to be on the rise and it may be years before we see these rates again, if ever. Don't worry if you have low fico scores either.
It only takes a few dozen questions to qualfiy and discuss interest rates and terms. Of course rates are not locked until chosen so timing is key. You may qualify FHA with fico scores between 500-579 with 10% down or from a minimum 580 fico score and 3.5% down or as low as .5% half percent down payment program. You may qualify for 3% down conventional or even 5% down conventional with NO Mortgage insurance (Lender paid MI) from a minimum 620 fico score.
Loan program choices will be determined by your credit profile, debt to income ratios, fico scores and how much you want to invest into the down payment and closing costs. Of course the interest rates and terms will also be determined by your credit profile and fico scores.
Credit scores can be raised within 3-4 days in most cases to qualfiy for programs, rates and terms as necessary. I assist my clients with raising their credit scores at no charges. Call today to go over your loan program options and rate and terms quotes.
You have Nothing to Lose and EQUITY to Gain! CALL NOW!
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
9am till 7pm Monday thru Saturday, Sundays by appts