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Middle FICO credit 759, looking get a home mortgage in Seattle

My credit is not too great, middle score of 759, my wife and I make an annual income of roughly $120,000. We have one car on lease, a car fully owned, besides that just electrical, phone, tv, internet, utilities and rent bill. If the home we're looking at is 320k, and we have 50-75k available for down payment, what type of rate can we expect? by januar_669_708 from Seattle, Washington. Dec 20th 2011 Reply


Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

Based on the information provided - the rates at 9:45 am today were between 3.875 and 4.25%, depending upon the exact program used. This is assuming the use of $65,000.00 for down payment, and the avoidance of mortgage insurance.

Dec 20th 2011
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Paul McFadden (paul.mcfaddenmortgages@gmail.com)
#42 ranked lender in Washington - 45 contributions

You should be able to get a rate of close to 4% today. Rates change every day but I don't expect them to increase drastically any time soon. How soon are you looking at purchasing? Thanks for your inquiry. I appreciate it!Paul

Dec 20th 2011
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Well your credit is great at 759, and hopefully your wife's credit is similar. FHA requires 3.5% down and credit score of 640... Conventional has the higher credit score requirements at 660 or better, and if you put 20% down, you pay no mortgage insurance. So $64,000 on a $320,000 is sufficient. contact a local mortgage broker, not a bank and apply with them. they have access to numerous lenders and can seek out the best rates and terms for your particular scenario. Keep in mind, most credible lenders will not just shot out a rate without knowing all the facts. And it's illegal to quote a rate without quoting the APR with it.

Dec 20th 2011
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Curt Tiedeman (curttiedeman)
#46 ranked lender in Washington - 28 contributions

Here are some quick numbers for you to look at on a 20% down payment purchase:3.875% is a cost of .332%4.00% is a credit towards your closing costs of .128%I can give you a worksheet that lays out all the costs so you can see them, plus you may be able to get them paid by the seller.Thanks, Curtwww.CurtTiedeman.comcompany web site: www.1ratemtg.comWA Lic: MLO-35554425.988.2501 office direct line206.650.4202 cellc.tiedeman@1ratemtg.com

Dec 20th 2011
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Rudi Hofmann (CaPortfolioLoans)
#280 ranked lender in California - 380 contributions

More factors have to known. I suggest you contact this gentleman in your state: http://www.keaneloans.com/Happy Holidays, Rudi

Dec 20th 2011
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Dave Skow (daveskow)
#16 ranked lender in Washington - 281 contributions

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May 15th 2019
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