Much more info would be needed.. Lenders look at many things to help determine the interest rate.. credit scores of all borrowers, loan to value, credit deficiencies, debt to income ratios, property type, etc.. Also, because of the new federal rules, no competent loan officer would ever quote an interest rate without looking at the borrowers full loan profile.. anyone that does, is someone you probably should avoid using.. since you would be setting yourself up for disappointment.. If you want to know exactly what you would qualify for, then your gonna have to do it the ole fashioned way.. Pick up the phone and contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and 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
Hi - it would be a bit irresponsible to quote you a rate as rates change daily and there are certain factors that affect a rate, such as credit score and if you need lender assistance to help pay for closing costs Suffice to say, you can expect VA rate to be in the high 3's.
We need all of the information to quote rates, middle credit score, income, assets, purchase price and loan to value. All of these affect the interest rate and determine it as well.
As Team Best stated, need more information in order to answer your question.
Bottom line: it depends on your qualifications and the fees you want to pay as a trade off to the rate.
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