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June 8 2022

Interest Rates Updates June 6th, 2022

Today’s update brings a market check on Home Purchase Interest rates on June 6th 2022, specifically for a home for sale in Aurora, Colorado 80013, which is on the east side of the Metro Denver area. Interest rates were searched based on the following criteria:

30 Year Loan

Purchase Price: $485,000

LTV:                     80%

Loan Amount:    $388,000

Credit Score:      660

DTI:                     45%

Varying Interest Rates

Below are the varying interest rates that I found based on the above criteria:

Conventional: 6.375% + .25 point

VA:                    4.625%

FHA:                 4.825%

USDA:              4.95%

NON-QM Options:

12 Month Bank Statement Loan:                   8.125%

12 Month Bank Statement w/Bankruptcy:   9.25%

Examining Different Home Loan Programs in Colorado

Different loan programs make borrowing money for home mortgages possible for different circumstances. There are 100 different loan scenarios you might face between refinancing, building, and buying. DTI ratios also differ as well as down payment ratios differ and credit scores. These Compensating Factors will affect what happens to the interest rate.

If you have great credit and plenty of cash assets, checking out different loan options will help give you the most advantageous interest rate to buy a home. If you don’t have great credit or much money to obtain home financing, then there are programs that exist to meet your needs and can provide avenues into home ownership. Whatever your situation, there’s a Juicy Solution waiting for you. Give me a call today to see what kind of options we can come up with for your scenario.

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Funding Juicy Solutions LLC

T: 619-402-9221
email: info@fjsolutionsllc.com

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