Today’s Rate
VA/FHA/USDA 6.25% 30 YEAR FIXED
VA 3/1 ARM 5.75%
FHA 3/1 ARM 5.75%
FHA 5/1 ARM 5.75%
CONVENTIONAL LOAN 30 YEAR FIX 6.25%
Please note conventional loans with a credit score 680 and below will need to put down 5% as the mortgage insurance companies will not insure with only 3% down now. If your credit scores are over 681 then you may still put the 3% down and get mortgage insurance.
This information has been brought to you courtesy of John Sorrell, Home Loan Consultant with Countrywide Home Loans. For more information on Home Loans and your options email him at John_Sorrell@countrywide.com. If you would like other recommendations for Home Loan Companies feel free to email me at AskJessica@kw.com and I will be glad to put together a few recommendations.
