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Old 03-11-2013, 10:00 PM
ohiosbestus ohiosbestus is offline
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What do the banks want down for conventional financing and what is the current rate for financing----our credit rating is in the 800 range
Old 03-12-2013, 04:13 AM
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l2ridehd l2ridehd is offline
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They typically want 20% down for a conventional loan and rates will run between 3% and 4.5% depending on several things. Is this your primary home or a vacation home? Length of the loan, 15, 20 or 30 years. Which bank. Citizens seems to make things happen the fastest with no issues, but they are also usually .25 to .5% higher then others. A few other variables, but those are the main ones.
Life is to short to drink cheap wine.
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