Mortgage Products: Interest rates and mortgage insurance are getting much tougher on conventional loans. Starting at 740 and dropping in 20 point increments interest rates go up. A 659 fico would be at 6.625 plus 1/2 a point. And they have to put 20% down. Borrowers below 680 no longer qualify for mortgage insurance. (Source: Spirit Bank Morgage Memo)
405-697-1789
[email protected]
