During the 2003-2005 boom, we thought we had seen the lowest interest rates possible - well today, the rates are even better! If you are thinking of buying a home, now is the time to do it. Who knows how long the interest rates will stay this competitive.

FHA/VA loans: based on a  $75,000 purchase price you would need 3.5% down ($2625.00 down payment). As long as your FICO score is 620 or better, and you are purchasing the home as an owner/occupant, you could see an interest rate as low as:

15 year fixed: 4.000%

30 year fixed: 4.250%

5/1 ARM: 3.125%

Conventional - Investor or Non-Owner Occupied Loans: based on a $75,000 purchase price you would need 25% down ($18,750 down payment). As long as your FICO score is 740 or better, and you are purchasing a single family home as an investment (non-owner occupied) you could see an interest rate as low as:

15 year fixed: 4.125%

30 year fixed: 4.625%

5/1 ARM: 3.750%

*information based on today's rates and subject to change and final qualification of subject borrower*