801 credit score w/ 7.5% interest
Posted: Fri Dec 14, 2018 11:57 am
Im a 1st time home buyer and have been given the offer of 7.5% interest rate with a 801 credit score. Only debt is school loan and car and I make more than enough to cover the monthly payment. I tried to research if interest rates for mobile homes are usually higher than a normal home and i read usually about 1-2%. Right now the market is around a 5% for a normal home. I was wondering if I should talk to someone else about a loan? When the rep did "worse case cenerio" she even did the interest rate w/ 6.5% and only 5% down. I just didnt expect to get that interest rate w/ my credit score.