Post # 1
As some of you guys know my Fiance and I are thinking about buying our first home. We talked to a few area lenders, but are trying to narrow down our choices. So any recent DC/NOVA area bees who was your lender or company and what’s your rate? All other bees welcome as well.
Post # 2
Columbia Bank!!! Lowest rates when we bought in 2008! really easy to work with!
Post # 3
I just checked it out, unfortunately no cigar for DC or VA. Thanks for the suggestion.
Post # 4
- Wedding: April 2017 - Valleybrook Country Club
Do you belong to a credit union? I would inquire with a credit union about rates 🙂
If you don’t have a credit union, you can check out http://www.lovemycreditunion.org and find local credit unions in your area. You may be eligible to join one. I did a quick search with the 20001 zip code http://www.asmarterchoice.org/Search_Results_128.html
Also, love my credit union has other discounts for credit union members. Good Luck!
Post # 5
We used a mortage broker to help us find the lowest rate. While you might not be paired with a large name bank, you’re going to get the best rate possible for your qualifications. I would see if you can find a broker in your area, that way they will pre-qual you, let you know your purchase limit and what you’re rate would be.
Post # 6
Not in your area, but Fiance and I are building a new home with a $330k purchase price and just locked in our rate at 3.875% (30 year fixed). We were tied to the builder’s mortgage company to get some incentives from the builder, so there were probably better rates to be had elsewhere.
Like a PP mentioned, I would find a mortgage broker you trust. When I was buying my current home back in 2012 my broker was really helpful. They aren’t tied to one lender so they can shop your rate for you. I ended up with Wells Fargo.
Post # 7
check out NASA federal credit union. Last I heard they have a 0% down! no PMI mortagae and you don’t have to be a member (so does Navy FCU but you have to be a member)
Post # 8
We just got our first mortgage in Boston, 4.125% – but DH’s credit score was only 690 (they take the lowest score into account) and we got a jumbo mortgage which I guess gets you a higher rate. We plan to refinance next year.
Post # 9
We went with quicken loans, and are around 3.75%, 30 year fixed
Post # 10
We’re using Alex at movement mortgage based out of the remax office in Olney. He’s awesome!
Post # 11
- Wedding: May 2019 - York, ME
I’m not in your area, but I just bought a house this month through Fairway Independent Morgage and I have a 30 year fixed at 3.5%, but could have gone down to 3.4% if I wanted to spend an additional $400. It was a USDA loan though, so not sure how that affects rates. I think their highest rate was 3.7% with poor credit.
Post # 12
Thanks everyone. We purchased a few months ago when unfortunately rates had a small spike. Now they’re back to “normal”.