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pre-approved at 3.5%, good enuf for a 804 score?

New Member

pre-approved at 3.5%, good enuf for a 804 score?

Using a local mortgage broker, offer on house in NH is $195k w/ 5% down. All clear so far, and figured I would just get some feeback on the rate. Which is 3.5% for 30 years.

 

My latest TransUnion on myFICO dated 12/02/2012 is 804. My wife's 801. The broker saw slightly higher scores, like 807 or something.

 

3.5% a good rate?

 

Thanks

Message 1 of 8
7 REPLIES
Valued Contributor

Re: pre-approved at 3.5%, good enuf for a 804 score?

Depending on when you plan to close. Rates went up to 3.5. So as of today it is a good deal.
Good Luck
May all your dreams and wishes become a reality!
Message 2 of 8
New Member

Re: pre-approved at 3.5%, good enuf for a 804 score?

before end of Jan is the goal, real estate agent put "Jan 28th or sooner" on the offer.

 

Considering I'm only putting 5% down, I fig 3.5% is in line, but always worth an opinion or two Smiley Happy

 

Thanks.

Message 3 of 8
Highlighted
Super Contributor

Re: pre-approved at 3.5%, good enuf for a 804 score?

we cannot comment on rate or fees without knowing BOTH.

 

rates and lender fees go hand in hand

 

Retired Lender
Message 4 of 8
New Member

Re: pre-approved at 3.5%, good enuf for a 804 score?

Fees:

Lender Fee: $990.00
Appraisal: $450.00
Attorney Fees: $850.00
Owner's Title Insurance: $490.00
Lender's Title Insurance: $465.00
Credit and Flood: $10.00
Transfer Taxes: $1,462.50
Government Recording Fees: $450.00

 

Credits:

Lender's Credit: $2000

 

Confucious.... lol.... who's that?

 

Jack... relax
Get busy with the facts
No zodiacs or almanacs
No maniacs in polyester slacks
Just the facts
Gonna kick some gluteus max
It's a parallax... you dig?
You move around
The small gets big
It's a rig
It's action... reaction
Random interaction
So who's afraid
Of a little abstraction?
Can't get no satisfaction
From the facts?
You better run, homeboy
That's a fact from Nome to Rome

 

-- RUSH, Roll The Bones, Roll The Bones

Message 5 of 8
Super Contributor

Re: pre-approved at 3.5%, good enuf for a 804 score?

with only $990 in lender fees, 3.5% is a smokin' deal....

 

can you still get it?

 

Retired Lender
Message 6 of 8
Moderator Emeritus

Re: pre-approved at 3.5%, good enuf for a 804 score?

That seems like a pretty hot deal to me... jump on it!

Starting Score: 08/29/2011 TU 671 EQ 674
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Message 7 of 8
New Member

Re: pre-approved at 3.5%, good enuf for a 804 score?

Locked it in on Monday  Smiley Happy

 

Had the option to go 3.375%, but no lender credit. Gonna need a few things, so $2k back at closing will come in handy.

 

Thanks everyone, and Happy New Year!!!

Message 8 of 8