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Sickest mortgage rate i've heard of yet (VA)
Posted by ItNeverRains on 5/17 at 12:58 pm
Just sold one of my listings, guy got approved for 100% financing VA loan, 30 year, 3.35% 0/0.


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Posted by TigerDeBaiter on 5/17 at 1:11 pm to ItNeverRains
Damn! What was the 15yr rate?


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Posted by wegotdatwood on 5/17 at 2:51 pm to ItNeverRains
What was his score?


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Posted by TortiousTiger on 5/17 at 8:20 pm to wegotdatwood
if it's VA, his score doesnt really matter.

620 gets the best rate.



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Posted by ItNeverRains on 5/17 at 8:45 pm to TigerDeBaiter
quote:

What was the 15yr rate?


No idea, i'g guess 2.875-3



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Posted by wegotdatwood on 5/17 at 9:22 pm to TortiousTiger
That's awesome for me.


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Posted by wegotdatwood on 5/17 at 9:49 pm to TortiousTiger
quote:

TortiousTiger



So it doesn't matter what bank I go to?



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Posted by novabill on 5/17 at 11:43 pm to ItNeverRains
quote:

Just sold one of my listings, guy got approved for 100% financing VA loan, 30 year, 3.35%


Was he a disabled vet? THDA offers a Vet program that discounts the rate for those with a VA disability. He may also be able to avoid paying property tax.

Edit: THDA does not limit to disabled Vets. TexVet program is for those with 30% or more disability. 10% and they can avoid paying the VA funding fee.


This post was edited on 5/17 at 11:50 pm

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Posted by ItNeverRains on 5/18 at 6:24 am to novabill
Nope. Young guy. Police officer now in Davidson county


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Posted by wegotdatwood on 5/18 at 6:58 am to ItNeverRains
FWIW, you can be 80% disabled to the va and still work any job full time. PTSD is an automatic 50%


I haven't filed anything, too much of a pain in the ass.



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Posted by ljhog on 5/19 at 10:40 am to ItNeverRains
quote:

100% financing

and so the cycle begins again.



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Posted by wegotdatwood on 5/19 at 10:42 am to ljhog
quote:

and so the cycle begins again.



?



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Posted by Franktowntiger7 on 5/19 at 11:13 am to wegotdatwood
Told this rate to a guy at my office today and he said he is approved for a 30yr VA at 2.9. Wow!


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Posted by TortiousTiger on 5/19 at 11:20 am to wegotdatwood
quote:

?


he is ignorantly claiming that 100% financed mortgages created the housing bubble.



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Posted by TortiousTiger on 5/19 at 11:23 am to Franktowntiger7
i'd have to call bull shite on that one.


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Posted by novabill on 5/19 at 11:24 am to ljhog
quote:

and so the cycle begins again.


VA loans perform well.

LINK



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Posted by Franktowntiger7 on 5/19 at 11:51 am to TortiousTiger
Definitely not BS, guy is a General in the military, I don't think that would affect the rate but his rate is ridiculous.


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Posted by wegotdatwood on 5/19 at 1:04 pm to Franktowntiger7
Damn, I wish I was out of school with a job so I could get into a house. I need these low rates to stay for about another year.




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Posted by TortiousTiger on 5/19 at 1:06 pm to Franktowntiger7
A) a guy at your office is a general in the military?

B) his rank doesnt matter. He'd have to find a lender willing to accept that rate. Who did he say his lender was?

As of today, the national avg was a 4.06 for a 30 with 1/3 of a point.




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Posted by Franktowntiger7 on 5/19 at 1:33 pm to TortiousTiger
I sale new construction he is looking to build with us, his bank is in AZ. He used them before, I admittedly was skeptical but he seems like a straight shooter.


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