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My credit score is @770. I was able to get a fixed 30 year rate of 5% with a buy down. This is York, PA.Everyone I talk to tells me that this is a good rate for a first time buyer. I am trying to buy a small house in York worth $154k.Thanks by getmeahome from York, Pennsylvania. Oct 21st 2009 Reply


Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

If you are putting 10% down or more. We can do better. Please call me. Joe Shamie 732-759-8189 x-102

Oct 21st 2009
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Leo Harvey (LHARVEY)
#6 ranked lender in Pennsylvania - 146 contributions

The 5% rate is reasonable depending on how much of a buydown they charged. The actual APR rate would tell me more. First time home buyer doesn't affect rates but it does qualify you for the $8000 tax credit. If conservation of your savings is a goal I can do an FHA purchase deal for you with 3 1/2% down at a note rate of 4.875% and 2 points buydown, (APR 4.97) 3 points will reduce the rate to 4.75%. Call if this makes more sense. 484-331-2436

Oct 21st 2009
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