Home Loan Rates April 2021

Thanks to one of our Local Lenders! Here's the Rate Sheet I received This week! 

Rates have been below 3.50% 18 months in the past 60 + years.  

Below 3% - 7 months in the past 2021 years!   

• 30 year conventional loans are back to the low 3’s still
• 30 year Government Loans (FHA / VA) are in the mid to high 2’s  
• High Balance Loans $548,250.00-822,375.00 are in the low to mid 3’s
• Jumbo loans above $822,375.00 are in the low to mid 3’s.  
• 5/1, 7/1, 10/1 Arms are in the low to mid 2’s!
• Bank statement loans – They are available with 10% down again!  High 3’s to low 5’s depending on down and credit score.
• Stated income loans  - One bank with 30% down, but everything else has to be perfect!   Also in the mid 4’s.
• 0 down loans are in the low 3’s  - 660 credit score min right now!   Mid 3’s for the most part
• Private Money lenders – hard Money Loans - 35% down! 
• First time Buyers Tax Credits are back, but on a very limited basis!  20% Tax credit on the interest they pay!  Fabulous program! 
• Bridge Loans – are typically 5.99% with limited fees - But they get you where you need to go! 

Interest rates are subject to change without notice!  Above are LA County Loan Limits. And, not everyone gets the same rate!