If you are in the market to purchase a home or refinance there has never been a better time to do so. As of today the 30 year fixed rate with a 1% origination fee is 4.625%
There are a few qualifying factors that you will need to meet in order to obtain this rate, you will need a 740+ score and your loan to value on the would need to be 90% or less. There are new debt to income factors to consider as well, at this point that your qualifying factor is 50% debt to income or less.
There are other great products and rates that this score can qualify for as well. If you have been considering refinancing or purchasing now is the time.
posted by Randy Ratchford. Randy can be reached toll free 877-627-9211 ext 107 or by email Rratchford@HorizonFinancial.org
