Home Purchase in Colorado Springs, what are some possible rates?

What kind of a loan are you looking for (ie 30 year fixed)?

Hi, Our 30 year fixed rate is at 3.75% with .5% origination and $699 underwriting. A better deal is 3.875% with no origination, no underwriting, and a credit of $1,000 you can use towards your title fees. Please email me at corey_seitz@excelfg.com or call at 970-407-8288 if you have any questions. Thanks, Corey

Based on the information that you have given, you should be able to get a rate at or under 4% for a 30 year fixed. There are a number of variables that can go into the rate, mainly the credit scores (yours look great) and the costs that you or the seller are paying. If you pay an origination fee, your rate will be lower. I would want to give you the options that I have available and try to determine the break-even point for paying the additional costs.Feel free to give me a call 720-203-9871 or e-mail directly allen@rockymtnmtg.com

No problem. Do you have an email address that I can send a worksheet to and a GFE?30, 25,20, 15 or 10 YEAR FIXED?

You can expect to pay 3.625% - 4.125% for a 30-year fixed based on today's rates, depending on your tolerance for closing costs. I agree with Corey that taking the slightly higher rate with lower closing costs makes more sense usually. Some people just like to say they got the lowest rate out there, regardless of what it costs them up-front. But when you pay lots of fees up-front, you're gambling that you'll have the loan long enough to realize the monthly savings little by little. Contact one of the knowledgeable loan officers here for an exact quote. Today's rates are the best in the past 90 days. Good luck! Dave(720) 979-3288 david@dwhomeloans.com

Hey Jeremy.. based on the limited information you provided, you would have no problem qualifying for the best rate available. That being said, it's illegal to quote a rate without quoting the APR as well. Most credible loan officers will insist you apply and will submit a written quote, (As Rob has offered). Best advise I can give you is to contact a local mortgage broker, not a bank and apply with them. With access to a vast number of lenders, they will search out the best terms available for your particular scenario. WilliamAcres.com

Jeremy_881...Thanks for asking a good question. This is just an idea of what you couldexpect, this is not a quote or application.From the information you gave me, here are some possibilities:-Sales Price of property: $410,000-Amount of down payment: 20%-Amount of loan: $328,000-30 year fixed interest rate: 4.375 - Payment: 1638.00 P&I (Principal andinterest)-15 year fixed interest rate: 3.875 - Payment: 2552.00 P&IYou would also need to add interest and property tax to your payment.You look like a great candidate for a loan, you could likely buy that housefor less than you are paying for the condo.I would be glad to take a loan application, then we would know exactly whatyou can qualify for and what your payment would be.We can close loans in as little as three weeks if you have all yourdocuments in order and your credit and job history are solid.Thanks, Mark Call if you'd like to talkMark Allen Schmidt5481 S. Bahama Ct.Centennial, CO 80015720-206-4539 cell or textMortgage Specialist: Reverse & TraditionalNMLS# 846014 Colorado Lic# LMB100037582