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New home purchase loan in Alabama

I just found a nice house worth 250k, and my husband and I (credit score of 740 and 760ish) want to move in. We make a combined income of 60k a year and have no debt besides standard bills and credit cards that we pay off every month. What are some rates for the Auburn, Alabama area with our financial profiles? by caroli_128_623 from Auburn, Alabama. Dec 14th 2011 Reply


Jack Shields (jackshields1)
#5 ranked lender in Alabama - 21 contributions

Hello Caroline,I just closed one last month in Auburn with a 3.875%. It would depend on your loan product and how much of a down payment you would consider putting down. There are many options for both. Give me a call and I can go over your options if you would like.Thanks,Jack ShieldsHiott FInancial Corp(256) 749-7948 ph

Dec 14th 2011
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Tommy Peoples (TommyPeoples)
#7 ranked lender in Alabama - 19 contributions

Rates are the best that they have ever been. You are probably looking at a rate in the 3s to low 4s depending on the length of the term. Please give me a call at 877-634-2390. Tommy Peoples

Dec 14th 2011
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Jeff Cost (midwestlender)
#39 ranked lender in Ohio - 164 contributions

Would welcome the opportunity to help you. There is neither cost nor obligation for a mortgage consultation. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710#!/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

Dec 14th 2011
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Jamie McKeehan (Jamiem)
#35 ranked lender in Kansas - 32 contributions

Being a Federally Chartered Bank we have some of the best rates in the nation. The going rate on the 30yr today is at 3.75%. Feel free to contact me as I will assure you the best service possible. Have a great day.

Dec 14th 2011
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Hey Carolin... Best advice I can give you is to contact a local mortgage broker, not a bank and apply with them.. By law, it's illegal for a lender to quote a rate without quoting the APR with it, and most credible lenders will not quote you anything until they look at your complete profile. WilliamAcres.com

Dec 14th 2011
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Rates today for a 30 year fixed rate loan are in the high 3s. Conventional loans will require 5% down where FHA only requires 3.5%. Work with a local Mortgage Banker/Broker who will have access to loan programs from dozens of investor/lenders. If you walk into one of the big banks, you will end up working with an order taker who will try to shoe-horn you into one of their products, even if there is something better out there for you. Make sure you check out your selected Loan Officer at www.NmlsConsumerAccess.org

Dec 14th 2011
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Brian Allen (ballen)
#43 ranked lender in Maryland - 193 contributions

Caroline, best time to buy rates are hovering at their lowest to know specifically you need to apply . I can reached at ballen@accessnational.com or 888-354-3299

Dec 14th 2011
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Jamie McKeehan (Jamiem)
#35 ranked lender in Kansas - 32 contributions

A local broker will come to a bank and put their fees on top of what the bank charges. Banks are for the most part cheapest. We charge a flat fee of $970 and I seriously doubt a broker will beat our rates. Again feel free to call if you are interested just to understand the difference. 913-647-8146

Dec 14th 2011
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Blake Kleckner (BlakeK)
#391 ranked lender in California - 261 contributions

Porbably in the high 3s to low 4s. If you find a knowledgeable loan officer ir AL, he or she should be able to structure the loan for you at no cost. I'm in CA and, unfortunately, don't do AL loans. Based upon the info you provided, you should easily qualify for a $250K loan. In fact, you could probably qualify for a home at twice that price if the payment worked for you.

Dec 14th 2011
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