USDA Guarantee Loan and Interest Rate

[Sknyrd1977]

Hope someone here can give me a better understanding of what I'm to expect:  I plan to apply for a USDA loan next  month. The income I make is fine. My question is if I go to a lender with a credit score of 660 and mortgage rates (30 yr. fixed) remain near what they are now, do I have a "decent" shot at getting an interest rate of around 3.8%-4%? My hope is to lock it in at no more than 4%.  Is this realistic with a 660 score? Appreciate all advice.

[wallacecody25]

My mid score was 659 and I got 3.75% about a week ago with a USDA loan.

[Sknyrd1977]

Wow-great to hear! If you don't mind my asking, did you go thru a "local" lender or a nationaly known mortgage lender. I live in Ms. and am still debating the best route. Thanks so much.

[wallacecody25]

Umm. It was through Iberia bank. They are only in a few states, so a very small bank compared to the big boys. It was a very good/painless experience.