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To: BlabItGrabIt

The fine print:

The “fixed 30, prime, conforming rate...”

If you ain’t prime, or your note isn’t conforming, your rate isn’t going to be quite so attractive.


17 posted on 11/28/2007 7:05:14 AM PST by NVDave
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To: NVDave

Loan amount under 417k, verifiable income, and credit score over 640 preferred. If you have some assets (even just a 401k) you can go lower (into the upper 500s even) if your debt-to-income ratio is decent.

Jumbo loans (over 417k) are about a full percentage point higher in rate right now.


22 posted on 11/28/2007 7:18:18 AM PST by RockinRight (Just because you're pro-life and talk about God a lot doesn't mean you're a conservative.)
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