01-30-2013 06:54 AM
My 3 yrs BK discharge date and foreclosure date will be in july and im looking at purchasing a home. My mid fico is at 660 right now and my question is how long can i expect these low interest rates. Im hoping to get a rate no higher than 4% and really hoping i can get a rate under 4%. Just thought i would ask here if i will still be able to get a rate like this in july or august. I appreciate any info on this
01-30-2013 08:46 AM
01-30-2013 05:42 PM
HI! I am going USDA Guaranteed. My Fico score is 771.. my loan officer said my rate would be between 3.75-4%. Last time i applied, about 8 months ago, my middle score was 740 and the rate was 3.75%. I imagine they may be steadily going up or i am just getting a bad rate. eh! Good luck!
01-30-2013 05:54 PM
Someone also told me that as long as the credit score was above the 640 it didnt matter if you were at 640 or 740 everyone would get close to the same rate. I think fha is also like that. Im not sure if thats 100% true but id like to know if it is. I would be very happy with a 3.75 rate