Bellingham WA Weekly Financing Tip & Rates
When requesting information about a cash out refinance of your home, be sure to let your lender know it has been listed for sale within the last 6 months. In that case, Fannie Mae limits the refinance to 70% of the appraised value.
Home loan rates as of Wednesday, January 27th are in the following table. For more details, or a custom quote, contact Sidney Stonecypher at People’s Bank, 360-676-4597 or sidney.stonecypher@peopesbank-wa.com.
| Down Payment | Interest Rate | APR | Credit Score | Points | |
|
Conventional 30 yr fixed |
20% |
4.75% |
4.88% |
740 |
1 |
|
Conventional 15 yr fixed |
20% |
4.25% |
4.41% |
740 |
1 |
|
Jumbo 30 yr fixed |
20% |
5.75% |
5.85% |
740 |
1 |
|
FHA 30 yr fixed |
3.50% |
4.75% |
5.10% |
580* |
1 |
|
VA 30 yr fixed |
0% |
4.75% |
5.12% |
* |
1 |
|
*Score will vary by lender |
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If you have other questions about financing, don’t hesitate to contact us and we will get you the answer. If you are wondering, other people probably are as well. For general financing and market information, check out our website.
For more information on Bellingham Real Estate or to search for homes in the Bellingham and Whatcom County area visit www.JohnsonTeamRealEstate.com, your one stop Bellingham real estate and community information resource!
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Good to know that if the home has been listed recently, they can only get 70% of the appraised value. You learn something new everyday!