likely rate for 755 credit score with

Thanks for the question. It depends on your mortgage lender and/or loan officer. Loan officers and/or mortgage companies have different compensation levels thus affecting your rate (this includes big banks which sometimes are worse). Your loan type (FHA / Conventional) will also play a factor -- you will be at an 87.5% LTV in your scenario which means you will most likely still have MI, unless you do 2 loans, (80% first 7.5% second) or Lender Paid MI which has a higher rate. Also keep in mind rates change MULTIPLE times a DAY so it will depend on when you lock but today 1/10/14 you should be at 3.875% - 4% FHA --- 4.5% - 4.625%Conventional. I'd recommend the latter as MI is much higher on FHA loans and currently guidelines enforce it for the life of the loan. I hope this helps, Thanks! - Sam. go to www.silvercreekfinance.com

No loan officer with any integrity would quote you a rate based on the limited info you provided, and anyone that does, would be someone I would not recommend you use.. you would be setting yourself up for disappointment.. There are so many variables, and scenarios, that the range in interest rate would be huge.. and as Joe said, I've had borrowers with scores higher than 755 get denied... If you want to know for sure and get an ACCURATE quote, you should contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower 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

Rate and cost depend on a minimum of 21-criteria. You can have a 755 score and still be denied. Then there is the consumers choice of how to handle rate and cost. Are you wanting to pay discount points? How about a no closing cost option? The situation you are asking about, you'll need to talk about how to handle mortgage insurance. Monthly, lender paid, single premium... maybe two loans... So answering your question isn't as easy as one would think. Anyone throwing out a number online is doing you a disservice. Contact a local mortgage broker. In MN and WI, visit www.SaintPaulMortgageBroker.com