The Top Five Home Loan Rates In Five Of The Best States
All of the states in the U.S. frequently undergo a data and statistics collection which allows the government and special interest groups to rank the states by living conditions and quality of life. The top five states for this year are as follows: New Hampshire, Minnesota, Vermont, Wyoming and Virginia. When you also look at the home loan rates in these states, taking up residency there looks better and better.
New Hampshire
In New Hampshire, most of the rates offered for first-time buyers are below 4% right now. If you have really good credit, they are hovering at or just above 3%. When these low interest rates are combined with New Hampshire's top ranking of "the best state in which to live," it really makes an enticing argument to buy your first home there.
Minnesota
Minnesota comes in a close second, with home loan rates coming in around 4%, most of which hover between 4 and 4.3 percent. Its "ten thousand lakes" and innumerable outdoor activities are enticing to the outdoors enthusiast or the city person who has had enough of the city and wants a slower, quieter lifestyle. The Mall of America in the twin cities is also a big draw for people who are considering St. Paul or Minneapolis for their new homes.
Vermont
Vermont has even lower rates than Minnesota and its neighboring state of New Hampshire. Real estate here is prime; you are close to the mountains, and most of Vermont is rural and peaceful. The rates hover around 2.875% to 3.25% for a fifteen-year fixed and a thirty-year fixed mortgage rate to start (with good credit).
Wyoming
If you feel the need to stretch out as far as your limbs will allow, or you want to buy a ranch, then Wyoming is exactly where you want to be in terms of housing and lifestyle. Interest rates vary wildly here, from around 3.5% to close to 4.2%, possibly more if you buy property in Wyoming's major cities. If you want a lot of property and you want it for less, you should have excellent credit, find land you like that is miles from the nearest major city, and look for the lenders that offer less than 3%. There are some in Wyoming, but you do have to track the low interest rates down.
Virginia
Similar to the top four states in which to live, Virginia's home interest rates hover around 3-4%, most of which are closer to 3%. Virginia offers the first-time home buyer a vast array of land choices. You can live on the ocean and the coast, you can live in the wilderness, or you can live in the mountains. Wherever you choose to live in this state, visiting another area just to experience it is but a short drive away. There is plenty of history, historical sites and historical towns to visit too.
For more information, contact Premium Mortgage Corp or a similar company.
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