looking for answers

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
Thread Tools
  #1  
Old 03-11-2013, 10:00 PM
ohiosbestus ohiosbestus is offline
Senior Member
Join Date: Dec 2012
Posts: 153
Thanks: 2
Thanked 16 Times in 8 Posts
Default looking for answers

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
  #2  
Old 03-12-2013, 04:13 AM
l2ridehd's Avatar
l2ridehd l2ridehd is offline
Sage
Join Date: Dec 2007
Location: Bridgeport At Miona Shores
Posts: 3,528
Thanks: 1
Thanked 200 Times in 64 Posts
Send a message via AIM to l2ridehd
Default

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.
Closed Thread

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 10:05 PM.