I am trying to buy my first home (Sale Price 5,000 and I am putting 5% down, and almost all of my closing cost is covered by the seller.). My income is ,000 (before taxes) per year. My credit score is:
Fair Isaac +762
WHAT WILL MY INTEREST RATE MOST LIKELY BE (GIVEN ALL OF THE ABOVE)?
I live in Houston, Texas.
Even though I am only putting 5% down, I qualify for a conventional loan (according to 2 mortgage broker I spoke to and consulted with). Will that change my interest rate?
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