What is today's rate for 30 yr fix if I put down 5% for a loan of 350000?

Blanket quotes are basically meaningless. In addition to knowing the loan program, the purchase price and the loan amount, we also need to know:

1. Usage: primary residence, vacation, investment

2. # of units: 1 - 4

3. Your credit score.

4. Income documentation type, eg full doc, stated income, etc.

Also, contrary to what a previous responder wrote, banks lend all the time with 5% down on $350K.

What is today's rate for 30 yr fix if I put down 5% for a loan of 350000?

It'll depend on your credit history and the lender.

Check with a bank, credit union, or one of the online lenders.

What is today's rate for 30 yr fix if I put down 5% for a loan of 350000?

I don't think you'll get a $350,000 loan with 5% down. Most banks will consider that too risky.

You will pay above the standard rate which today ranges from 6.5% to 10+% depending on the number of years and your credit rating.

You are forgetting that your personal credit rating is how you get the best interest rate, plus the bigger downpayment (20% or more) gets the better interest rate.

Those are variables that only your banker where you do your checking and saving can answer, after you give your personal information.

GOD bless us one and all, always.

CPA-retired

What is today's rate for 30 yr fix if I put down 5% for a loan of 350000?

There are so many variables here..

How is your credit, better rates are given to those with really good credit.

Where do you live, each state, and sometimes even county have different rates.

Right now in Northren California the rates are standing at about 6%.

Before jumping into anything shop around, as different banks can also offer different rates.

But on a $350k home with 5% down, hmmm this leaves you with $332,500k to finance, not great , but ok.

So you'd have to add 6% to that balance this is going to put you at about $19,500 a year.. YIKES that's $585,000 in interest rates alone, your $350k home just cost you $935K...

Shop around please, and if you can wait until you have more of down payment, best to come in with at least $100k when shopping for a home of any size.

Good Luck

What is today's rate for 30 yr fix if I put down 5% for a loan of 350000?

The best place to ask that q. is with your friendly local banker. Of course you knew that. You were wondering if anyone has a better rate.

Of course, why not. But there are a lot of fancy-dancy deals with banks and financial institutions that one cannot cover them all here. In the end, the bottom line is, nobody gives somethig for nothing. After all they are in the business to make money, with other people's money. This is the fundamental principle. You knew that too. If you are borrowing large sum, obviously you should be smart too.

If you are looking for a rate here, you have come to the wrong place. That's the best answer I can give you. Anyone giving you a spat answer here with a rate could be misleading you. Buyer beware.