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Best Mortgage rate on a new purchase

Which lender do you suggest. What’s the lowest interest rate you were able to get? LoanDepot said 2.5% for 30 years fixed. My Credit score is 750+, down payment 20%+ Loan amount 740k.

Indeed indoob Dec 10, 2020

That seems great. We got 2.6% with 1.5 pts, credit score 700-720. Rate locked a month ago. Same loan amount.

Apple pabgbe Dec 10, 2020

is it sfh or condo? i got 2.5 on a condo but ended up taking a 4k rebate and 2.875. going to refinance in six months no points no fees and rates should be lower since it’s a refinance.

Facebook maxcomp Dec 10, 2020

You won’t get as good of rates on refinance as on purchase.

Indeed indoob Dec 10, 2020

Yeah, this doesn’t seem like a good idea. I don’t think rates will go much lower to make refinance worth it. It will probably cost at least 4k in fees to refinance.

Boeing CnIB82 Dec 10, 2020

Consider Better Mortgage(better.com) or eLend.com. Better has thing where they will either beat a competing offer by $1k or send you a $1k check, and it's actually true (gotten the check twice).

Microsoft MishtiDoi! Dec 10, 2020

Just take loandepot. Rarely any lender I talked to was even able to come close to their rates let alone best it.

Microsoft aklzt9 Dec 10, 2020

Do you need to pay closing cost or get any rebate? I got 2.58 and need to pay 12k closing cost, get 8k rebate so end up paying 4k, same loan amount, credit score 760+

Amazon whataburge Dec 10, 2020

OP did you get 2.5% from loan depot without buying any points ?. They just gave me a quote of 2.5% with 1.3 points. My credit rating and loan amount is similar to yours.

Microsoft see-l64 OP Dec 10, 2020

Yes no points but there is some fee and appraisal fee

Amazon whataburge Dec 10, 2020

Those fees are standard, so you infact did get the better rate. If you don't mind, did you negotiate rates or points ? Also, what is the property type that you applied for ?