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What is the typical interest rate on mortgae for 650 credit score at the current time?

by byron.sadeen197 from Aliso Viejo, California. Sep 22nd 2014 Reply


Dan Paladin (dpaladin)
#356 ranked lender in California - 792 contributions

Question is to general...other factors come into play such as conventional or government loan, purchase or refinance, property type...among others...Please clarify or feel free to contact me at 562-254-5616.Regards!

Sep 22nd 2014
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Esta Hoffman (esta@estaglen.com)
#335 ranked lender in California - 35 contributions

You are asking a general question which requires specific information before replying. it will depend on whether you are purchasing, refinancing, taking cash out, asking for FHA or conventional, etc. I would love to assist you with this. My phone number is 707 328-2864 or my email is esta.hoffman@mwfinc.com

Sep 22nd 2014
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Leigh McMahon (leigh@uamco.com)
#1009 ranked lender in California - 6 contributions

Hi Byron,There are a number of Factors that help determine the interest rate with a FICO of 650 but the interest rates are very competitive and fair. Depending on the type of Loan and Down Payment effects the rates greatly but shooting from the hip you are looking at a rate in the middle 4% for Conventional Conforming, 3.75% for FHA & VA. Attached is a link to copy and paste with my information were you can watch videos on the different loan products and tools to help determine your budget with an application checklist for documents that will be needed in order to give you three side by side options that meet your goals:https://www.agentsite.com/boomweb/displaypres.aspx?id=21432_279209

Sep 22nd 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Unfortunately there is no one answer for that question. A true rate is quoted after asking specific questions that are particular to your situation. I would not look at rates quoted online but would suggest you speak with a local loan officer who can give you a more specific quote and give you options that fit your needs. Best wishes, Sean

Sep 23rd 2014
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