What rate am I looking at

Financing, Hard Money Lenders, Private Money
1

First time homeowner, West Virginia, low 600’s .o4 dti yes .o4 Income only around 22k, two jobs one that has been worked for over 3 years one for almost 1… 3k for dp and closing…mortgage of around 60-65k

Owner occupied

Thanks

2

Jason,

When you say low 600’s do you mean below 620? If so you can go FHA all day long with a rate in the low 6% range. If it is above 620 you have a lot more options that may even get you to the high 5% range. Hope this helps.

3

A FHA 203b seems to be like a good fit for your client (given the low down payment)…

Regards,

Scott Miller