Home Loan Interest Rates November 24, 2015

Yep, gotta keep up and inform my peeps. Just had a buyer ask me yesterday what home loan rates were! Smart lady, knows she needs to be informed!!

So, thanks to one of my lender pals, here's the skinny on current rates:

(Spoiler,  for loan amounts up to 400k & you must have a 740 FICO for these rates!)

• 30 year fixed conventional loan 20% down - 4.000% (4.175 APR) - You can get a 30 year conventional loan with as little as 3% down up to $417,000.00!
• 15 year fixed conventional loan 20% down - 3.375% (3.515 APR) - You can get a 15 year conventional loan with as little as 5% down up to $417,000.00!
• 30 Year fixed FHA loan 3.5% down - 3.750% (5.031 APR) - You can get an FHA loan with 3.5% down up to $625,500.00.
• 30 year fixed VA loan 0 down - 3.750% (3.940 APR) - VA Loans are 0 down up to $625,500 in LA County and a Veteran can get a VA loan up to $1,000,000.00 with about 9% down.