VA Loan 2.250 % - Is This a Good Rate?

[jhb]

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@MauiMan85297 wrote:

2.25% is a good rate but rate isn't everything, are you being charged points for that rate and is the lender charging any origination/processing fees? (VA allows 1% of loan amount).  Currently we have 2.25% but that comes with a credit/rebate not points.  There's also 1.75% out there as well.  I'm in AZ and also buying new construction and having my company do the loan (I can't do my own loan).

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No points at all. We close on March 22nd. Toal cost at closing...$0. Lender credit of $5k, and our $3k earnest money, covered it all.

[Anonymous]

I am closing on a home at the end of March as well. My middle score was 666 and I locked in at 2.5% with the builders preferred lender so I say yours is a great rate. Congrats. 

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@jhb wrote:

Howdy! We are closing on a new construction home at the end of March. Will be using my VA backed loan eligibilty. Everything went through undwerwriting without any issues, not one hiccup. Even with a $60K car loan opened last month. My question is about the rate they have us at, and is it worth shopping around. Home is $503K, no money down, $5K credit for closing cost since we are using the builders lender. Rate is at 2.25%, 30 years. Middle low FICO score is from my wife, at 676. Worth shopping around? Thanks in advance.

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