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Updated about 8 years ago on . Most recent reply

Jay Welch's profile image
Jay Welch's profile image
Jay Welch
  • from Shelbyville, MO
  • Member since Feb 14, 2017
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Jay Welch's profile image
Jay Welch's profile image
Jay Welch
  • from Shelbyville, MO
  • Member since Feb 14, 2017
Connect
Jay Welch
  • Shelbyville, MO
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Mortgage Brokers & Lenders

I got 2 lenders with 2 very differaent rates: What's up??

Jay Welch
  • Shelbyville, MO
Posted

Trying to buy a house at 339k. Salary 110k and FICO 629. FHA loan. I applied with two well known local mortgage lenders. I got two very different interest rates/offers:

#1:  3.5% down, Interest rate 4.625%.  Monthly payment=$2740

#2:  5% down, Interest rate=4.125%.  Monthly payment=$2450.

I'M CONFUSED!  Do these both sound legit?  Thank you!

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