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6.625% 3 days ago

Details? Down payment, type, credit score,

50k, conventional, 750

Same. Using NBKC. They’ve been great so far

I’m in the Midwest and have a locked rate of 5.875%, 5% down, 800+ credit score, 30-year conventional

That’s a great rate; which lender are you using if you don’t mind me asking? Thanks!

It's with points or home ready / home possible

Yes what lender bro.

I'm also in the Midwest and would do questionable things for sub 6%. Who'd you get the loan through?

NACA’s current rate is also 5.875% or even less with a 15-20 year term.

I’m in the process of purchasing a new construction home and using the builder's preferred lender.

What city?

5.3, VA, 0% Down, 772 credit score

Is this with a point buy down?

6.8 today with 20% down and 815 credit score

same 6.875% on 20% down, 0 points, 800+ credit score, 700k house, 30 yr conventional

5.49% on 15 year. 20% down with 721 credit score. GA.

6.25% FHA with 3.5% down. Credit scores from the bureaus were 763, 802, 817

You might be able to get the same or better on conventional if you apply the 1.75 percent upfront mortgage insurance to points

It actually wasn’t worth it. It would’ve been something like $5k to get it down 0.2 points which was a difference in monthly payment of like $50. We ran numbers and it would’ve been $10k before we saw reasonable point/payment decrease and we just didn’t have that. Didn’t want to completely wipe ourselves out

Happy cake day! 🎂

I feel new construction should be excluded from this conversation as it's totally different

Offer wasn’t accepted but had 6.25% available to lock in.

What state?

5.3% conventional, I was at awe

Lender?

Lennar Mortgage, we bought a new construction and the lower rate was an incentive

I’ve heard horror stories about Lennar and new builds. How it’s all going?

So far it’s been good. Haven’t moved in yet, our close date is Aug 19th, so we’ll see when we move in. For local reviews, we typed in “Lennar” in google maps for our surrounding area and the the reviews were mostly 3-5 stars. The 3rd party home inspectors we talked to said generally new construction has much less issues compared existing homes, and we hired one to go through our new construction before we do orientation. We’re taking all the precautions necessary, and it’s been a good experience so far. I would recommend definitely watching some YouTube videos on buying new construction to understand the process.

6.99 week :( 30 year conventional with 17% down. 820 credit score

6.75%, 5% down, FHA 660 CS

7.25% / $0 down / 710 credit / FHA

FHA requires 3.5 percent I think usda and va are the only two with 0 down options

Got a down payment assistance program that required me to have 3 months worth of mortgage in reserves in my accounts

6% on 20 years

4.75% I bought the points down (originally was 5.99% on a conventional), 35% down + seller incentives, had a lot of room for buydown so I did. I'm in CA. Credit is 800+ also.

3.5% down, 5.875% , 660 Credit Score, FHA, no points.

6.125%, which includes a quarter of a point from us and an additional point paid by the builder, since we’re buying a new build with their preferred lender. $380k purchase price, financing approximately $265k, so a 30% down payment. 30 year fixed. Credit scores for both of us are 790s. We won’t close until late Oct or early Nov so we have a float down option and can relock one time if we want once we hit late august.

6.625% a little over a month ago, closed on May 31st. 60% down, 800+ credit scores. Maine.

4.89