It’s definitely based on where you live… Whether you get a USDA backed loan, etc… I financed my house, 15 yrs ago when rates were between 3 and 6 percent. 2200sqft 3br, 2 bath, with half finished basement on a half acre, and deeded lake access point (Lake Norman) they wanted 120K, but I talked them down to 100K. Since it’s out in the country ( about 15 minutes from the city), it qualified for USDA, which means no closing costs, 30 year FIXED RATE. I pay $650 a month for my mortgage…Only downside is that it was built in 1973, but there are so many houses out here like this, just sitting…
It’s definitely based on where you live… Whether you get a USDA backed loan, etc… I financed my house, 15 yrs ago when rates were between 3 and 6 percent. 2200sqft 3br, 2 bath, with half finished basement on a half acre, and deeded lake access point (Lake Norman) they wanted 120K, but I talked them down to 100K. Since it’s out in the country ( about 15 minutes from the city), it qualified for USDA, which means no closing costs, 30 year FIXED RATE. I pay $650 a month for my mortgage…Only downside is that it was built in 1973, but there are so many houses out here like this, just sitting…