CHICAGO-Based on a study of over 25,000 loan quotes and mortgage requests on Zillow Mortgage Marketplace, borrowers with credit scores below 620 who applied for 30-year fixed and conventional loan quotes were doubtful to get even one quote, even for a comparatively high 15% to 25% down payment.
The average APR quote varied from 4.73% to 4.44% for credit scores ranging from 620 to 719, while that for credit scores of 720 or more stood at 4.3%. For the full story, go to Chicago Sun Times.
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