Your question is impossible to answer without much more info.. What's your credit scores? Lenders give better pricing for borrowers with high credit scores.. Whats the loan amount? Lenders give better rates to larger loan amounts.. What's the property type? Condo? Single Family Home? Duplex, Triplex or 4plex? Each of these property types have different loan pricing.. I could go on, but i'm sure you get it by now.. Besides, no competent loan officer would shoot out an interest rate without looking at the complete loan scenario.. and anyone that does is someone you should avoid using.. If you want to know exactly what you qualify for and what the rate would be, then 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 NMLS# 226347
All banks have different rate structures, although they should all be in the general ballpark of one another. I would find a very reputable lender and stick with a mortgage loan originator that you like. Someone who has a good reputation of closing loans!
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