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What is the cost on a 3.875 15 year loan with credit score of 710? Im in Vegas if that matters

by chris.ruiz766 from Las Vegas, Nevada. Jul 14th 2015 Reply


There would be standard closing costs fees, but the yield spread premium may help you out with some of those costs. We can discuss it further. Shoot me an email at stephen.rickman@alderus.net

Jul 15th 2015
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Kelly Fontes (kellyfontes)
#8 ranked lender in Nevada - 11 contributions

What do you owe and what do you think the home is worth?

Jul 15th 2015
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Brad Henderson (bradthelender)
#28 ranked lender in Nevada - 19 contributions

It will vary a little based on the loan amount and value but a 15 year fixed is not as sensitive as a 30 year fixed. At that rate and that score based on pricing today, you should have zero lender fees and probably some left over to go toward your title and escrow fees. Call me at 702-328-3043 and answer a few questions and I would be happy to tell you exactly what you are looking at. Brad

Jul 15th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,933 contributions

More info would be needed to properly advise you.. many things go into loan pricing,,, much more than a credit score and rate and term.. What type of property are you financing? Single family home? condo? Townhouse? Manufactured Home? Investment? etc, etc, etc.. each one of these property types have different pricing and/or pricing hits.. Whats the loan amount? Smaller loans cost more than larger loans. Also, certain fee are fixed meaning that regardless of the loan amount or sale price, the cost is the same.. while other fees are variable and are based on the loan amount or sale price.. so as you can see, it's impossible to quote you without knowing all the details of your loan profile, and any lender that does is probably someone you should avoid using.. you would be setting yourself up for disappointment.. For this reason, the best advice I can give you is to contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jul 15th 2015
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Brenda Casas (BrendaCasas)
#16 ranked lender in Nevada - 11 contributions

Costs are determined by the sales price of the property but closing costs normally range from 4 - 6% of the sales price. The lower the sales price the higher on the scale the closing costs. Hope that helps. Thank you and hope you consider contacting The Brenda Casas Mortgage Team for your mortgage needs.

Jul 16th 2015
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Jul 27th 2015
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