4 Comments

1. Noneya says:
   April 9, 2010 at 2:10 pm

   how much equity do you have?

   Edit: You only need about 3% after you roll in closing costs for an FHA loan.
   If your score is 620+ you should get a rate in the low 5s on 30 yr fixed
2. Gem says:
   April 9, 2010 at 2:21 pm

   I doubt you will get it unless you owe very little against value. But I have been wrong before.

   My friend the mortgage broker said that 5 of the major mortgage banks are only approving people with scores of 800 or better.

   Which is why gifting the banks more money is not going to help our economy at all.
3. the d says:
   April 9, 2010 at 3:10 pm

   unless you have like 30% equity. i think you will have to pay a high raye.
4. golferwhoworks says:
   April 9, 2010 at 4:08 pm

   noneya is correct in this but if trying to go conforming then you will have hits to the rate with these scores as Fannie just announced some changes today as to scores and loan to value
   I am a mortgage banker in TN & KY