Current Boston Home Mortage Rates

The availability of Boston on-line morgage applications and even approvals is rapidly increasing. In some cases it is now possible to completely apply and get approval of your real estate loan on-line without ever leaving your home or office. Try it and see what you think.

Current Boston FHA guidelines call for a borrower to make a minimum investment of 3% of the sales price. The FHA definition of a 3% investment is broken down into a minimum of 2.25% down payment with the remaining .75% being applied toward FHA allowable closing costs or down payment for Boston and surrounding areas. Over the years confusion around the term of investment and down payment have become blurred so most real estate professionals inform the public that FHA requires a 3% down payment. Start your search now for the best Boston home mortage rates.

Current Boston home mortage rates

Use our list of recent Boston sales to determine home values in your area.

Boston recent mortage rates - RE listings

Calumet St 02151 2 / 2 $120,000.00
Cushing Avenue 02151 0 / 0 $364,900.00

Current Conventional mortage guidelines allow the seller to contribute or pay all or a portion of borrower’s closing and pre-paid costs. The percentage allowed in Boston and the surrounding area is usually determined by the borrower down payment. The seller can pay up to 3% of sales price toward the borrower costs when the down payment is 0%, 3% or 5%. A seller in Boston can pay up to 6% of sales price when the down payment is 10% or greater.

Current Boston home mortage information and rates. It's important to know what you can afford before looking at homes, nothing can be more upsetting than to find the house of your dreams only to be denied a home mortage.