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08-29-2007 10:43 AM
Tuscani wrote:I am also in the market and am shopping around... I am leaning more and more towards using a CU.
08-29-2007 10:56 AM
OneMortgageGuy wrote:Thats a great deal from you credit union! Check with B of A if you are going full doc.
robz71lm7 wrote:My credit union just offered me 100% financing on a $150K home at 6.500% 0-points (30-year) with closing costs at $999 (total cash required at close was around $2400)Scores:Eq 716Ex 725Tu 726I also have zero debt.Bad news is I'm 6 months out from closing (new construction). Wells Fargo will offer to cap the rate for 6 months but the rates they are quoting today for me are 7.00%-which isn't even competitive with my credit union above.
Message Edited by robz71lm7 on 08-29-2007 10:09 AM
08-29-2007 01:43 PM
robz71lm7 wrote:Yes, I was shocked when they quoted me that rate. It's enough that I'm now looking at existing homes the builder has in inventory vs building. I'll take a look into BoA.
08-29-2007 02:24 PM
08-30-2007 05:12 AM
OneMortgageGuy wrote:With your credit histroy I think you can get a loan on an icecube. Let me check with an underwriter on that.When you do shop with your CU check wioth B of A at the sametime. B of A is really eatting closing cost right now and it's not causing the rate to go up.
I am also in the market and am shopping around... I am leaning more and more towards using a CU.
I don't think BofA services loans in MN.