@Anonymous wrote:
It's a FHA IHDA loan. And, actually my score was 683 fico4 not 678 as I originally thought.
Anyone know how to get a lower rate?
You haven't provided enough info to know for sure. How much are you putting down? Is the IHDA portion your down payment or closing costs or both? Are you paying your own downpayment and closing costs or are you paying some and IHDA paying the rest?
I ask these questions because all of that information is tied into the rate. When you have a first time homebuyers type program, normally the cc and interest rate both are slightly higher but the program contributes toward your costs so you actually pay anywhere from zero to a small contribution. Each program is different. And each program has different qualifying criteria.
What are all the terms? That is the only way to compare accurately.
