what is the current rate for a new construction 30 year fixed mort.

I can get you a 4.25% 30 year fixed rate. For more info please call 516-775-0807.

It really depends on if the home is finished or if your looking for a construction loan. If your looking for a construction loan, then terms vary and there are not many lenders out there doing construction loans right now. If your looking at a home that is complete and your looking for financing for that, then there are a lot of choices... to ask "what's the rate" is a vague question. if your paying points or not, or if you have enough seller credit to buy down the rate. Best advise I can give you is to shop for a local mortgage Broker.. not a bank, and let him put together a "Fee's Worksheet"... That will give you all the info you need to shop effectively.. WilliamAcres.com

There are so many facets to a construction loan that I suggest you look for a capable loan originator that specializes in Construction Loans. Anyone can quote a rate. The question is how many have they done and will they get your loan done without a lot of hassle. You'll have more than enough of that just working with a contractor and their subs. .... Happy funding, Rudi