11 Responses to “What is a good rate for a 100% mortgage, including closing costs and no money down?”

1. bzzzz on March 19th, 2010 2:05 am

   7%References :

2. wizzards_23 on March 19th, 2010 2:15 am

   If it’s super-great credit, someone I know just got a 6.75 % rate.
   Otherwise, if your credit isn’t good, it will be upwards of 12.5 or worse.References :

3. Austinite on March 19th, 2010 2:23 am

   5.25% is the best I’ve been quoted.References :

4. Heatmizer on March 19th, 2010 2:35 am

   Assuming you have a good credit score, that type of loan would be around 6.75 to 7.25 APR. Please make sure you look at the APR and not just the rate alone… they are not the same. APR is the true cost of the loan over the long haul.. it includes things such as closing costs and discount points…. email me if you have any more specific questions.References :

5. jj_bao on March 19th, 2010 2:49 am

   Wow.. can you get the closing cost added on to your mortgage? IF so, let me know which mortgage company you are working with. My husband and I are getting VA loans, they have no money down, but we still have to pay the closing cost which is in the neighborhood of $4-5K. That’s still way too much for us.
   I know for VA loans our rate is about 6.25. So anywhere between 6-7 sounds good to me.References :

6. Chicaloca on March 19th, 2010 3:28 am

   I work at a Mortgage Company and it varies with the options you choose. What state are you in? visit http://www.iprovident.com
   Use the mortgage calculator.References :

7. bianca on March 19th, 2010 3:55 am

   100% financing carry always higher rate than mortgage for people with min.5% down payment. in my opinion any rate is good if you can afford the payment- after 6mth, 1yr you can refinance for better rate if you will have some more equity in the property.References :

8. Maria R on March 19th, 2010 4:07 am

   It depends on your credit score. Assuming it’s good, today’s rate is 6.50%. You can contact me at my office (Capital Home Loans) & I will be happy to answer your questions. Now is a good time to buy!! Toll Free – 866-252-4590References :

9. vrazumniy on March 19th, 2010 4:19 am

   I can do 6.875% APR first and 9.5% APR second. 80/20 deal.

   Sincerely,

   Vladimir Rozumniy
   Sr. Vice President/Managing Director
   American Mortgage & Real Estate Group
   8159 Santa Monica Blvd Ste., 201
   West Hollywood, CA 90046
   Direct (323) 428-5944
   Fax (323) 331-1538
   Email: info@amregroup.com
   Website: http://www.amregroup.comReferences :

10. MEJ on March 19th, 2010 5:05 am

    Your best option would be to do an 80% 1st loan (6-6.5% and higher) and a 20% 2nd loan. the rate will be higher on your second (8% and higher). of course, your rates will vary based on your credit score, etc. if you are willing to pay down the rate (pay money up front for a lower rate).

    remember if you get a 100% 1st loan, you will be paying mortgage insurance which is a waste of money…References :

11. Antal T on March 19th, 2010 5:46 am

    Hi there…

    I am a Mortgage Consultant, and I just funded a loan like the one your looking for, allow me to help.

    Contact me directly, I’ll need to know the state you are in, purchase price of home, appraisal value, credit scores, income and I’ll share my experience with you.

    Sincerely,
    Antal

    Surefast Mortgage
    AToth@SurefastMortgage.comReferences : http://www.loanbright.com/surefastmortgage/calc_payment_table.html

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