Rates for our Signature No Closing Cost 30 year fixed conventional home loan start at 4.625% this week depending on your buyer’s credit score.
A buyer purchasing a home for $240,000 with 5% down can expect to come to closing with only their down payment (assuming a credit score of 740). By the way, the down payment can even be gifted. In this scenario, the lender will contribute $4,300 that will be used to pay for buyers’ closing costs and prepaids. Buyers who are hoping to bring in the least amount of money at closing will really benefit from this.