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Box Home Loans Discounts, Deals and Coupon Codes

Mortgages: Refinance or Purchase at 3.125% with $0 closing costs or even a credit towards closing with Box Home Loans

bryantq 1,301 June 7, 2012 at 08:15 PM in Home & Home Improvement (7) More Box Home Loans Deals
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Box Home Loans [boxhomeloans.com/slickdeals/] is offering an extra credit of 1/8th of a point on top of their already low rates and fees to Slickdeals users.

This allows some well qualified individuals to refinance or purchase a home at 3.125%* for no cost or even get a credit (they pay you!) towards closing.

Here at Slickdeals, we've actually had several employees use Box Home Loans, and after realizing it was such a good deal, we reached out to them to see if they could offer something even sweeter to our users. We've done a lot of comparison shopping for our own personal homes and Box Home Loans have always been the lowest (so far!) in fees, closing costs and rates! From our personal experience, its fast and no-nonsense.

Box Home Loans services the following states:
  • Arizona
  • California,
  • Colorado,
  • Idaho,
  • Nevada,
  • New Mexico,
  • Oregon,
  • Texas,
  • Utah
  • Washington
To give you guys an idea of the rate comparisons we did some research today*:
RATES ARE ALWAYS CHANGING SO BE SURE TO CHECK THE BOX HOME LOANS WEBSITE FOR CURRENT RATES - ITS EASY, NO EMAIL NECESSARY JUST PLUG IN THE NUMBERS.


Purchase:
LenderRateAPRClosing Costs
Box Home Loans (Slickdeals) [boxhomeloans.com]3.75%3.75%Free + $250 Credit
Box Home Loans (Direct)3.75%3.75%Free
First Internet Bank3.75%3.83%$1621
Amerisave3.75%3.83%$1991
Penfed3.75%3.81%$3562
Chase3.75%3.96%$4314
Box Home Loans (Slickdeals) [boxhomeloans.com]3.625%3.685%$1845
Box Home Loans (Direct)3.625%3.685%$2095
First Internet Bank3.625%3.704%$2649
Amerisave3.625%3.705%$2782
Penfed3.625%3.81%$5812


Refinance:
LenderRateAPRClosing Costs
Box Home Loans (Slickdeals) [boxhomeloans.com]3.75%3.75%Free + $80 Credit
Box Home Loans (Direct)3.75%3.75%Free
First Internet Bank3.75%3.83%$1757
Amerisave3.75%3.83%$565
Penfed3.75%3.8%$2188
Chase4.25%4.32%$3960
Box Home Loans (Slickdeals) [boxhomeloans.com]3.625%3.685%$1845
Box Home Loans (Direct)3.6253.685%$2095
First Internet Bank3.625%3.702%$2785
Amerisave3.625%3.705%$1773
Penfed3.625%3.768%$4438

Assumptions:
  • 30 Year Fixed Conventional Loan
  • $250,000 Home Value
  • $200,000 Loan Value
  • Clark County, Nevada
  • 740+ Credit Score
*Rates and data as of 06/07/2012 10:22am. We can't guarantee the availability of these rates, just showing you as a representative sample when we did the research!

514 Comments

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Joined Aug 2006
L5: Journeyman
242 Reputation
#61
Quote from patz98 View Post :
I also spoke with Wells Fargo yesterday for my current loan and for a refi, they told me 4% with $500 in closing costs. They said I'd still have to re-appraise + credit pull
Get away from the banks!!! only lenders can give u good rates.
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Joined Jun 2005
moar touchpadz!
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#62
Quote from goldendragon View Post :
Get away from the banks!!! only lenders can give u good rates.
Wait aren't banks lenders?
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Joined Aug 2006
L5: Journeyman
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#63
Quote from dragontales View Post :
Wait aren't banks lenders?
Lender only hold your loan for at most 1 month then sell off to the bloodsucker bank to torture you for the next 360 months... laugh out loud
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Joined Dec 2006
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#64
Quote from jbl001 View Post :
I also found Box and Provident to be excellent options for a refi with Provident being the clear overall winner since it had an extra 0.25 point discount from my employer.

The issue with both options is my value dropped enough that I'd need pay down a lot to get back to 80% LTV. Rather than waste the $150-$160/month in PMI, I went with a local credit union (Advantis) that offers a 2.99% 3/2 ARM with the first adjustment maxed at 1%. They don't charge any PMI even at 95% LTV, so they beat out even Provident for my scenario.
Wow, I need to check out my local credit unions, I have 85% LTV in my home now and am not paying PMI on my current loan- I would LOVE to refinance without paying any PMI. My loan was transferred to FMAC 20 days after the cutoff so I don't qualify for that program. Does anyone know of any other lenders that would waive PMI on a loan?
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Joined May 2004
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#65
Any good sources for an FHA Streamline re-fi in PA?
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Joined Mar 2005
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#66
Just filled it out. Rates are very competitive. FYI they want lots of money up front to lock in your rate online...
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Joined Mar 2005
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#67
Quote from manoosie View Post :
Just filled it out. Rates are very competitive. FYI they want lots of money up front to lock in your rate online...
UNBELIEVABLE. These guys called me like 5 minutes after I submitted my info online. Very friendly and helpful. Rates they gave me over the phone were crazy low...
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Joined Jun 2005
moar touchpadz!
271 Reputation
#68
Quote from goldendragon View Post :
Lender only hold your loan for at most 1 month then sell off to the bloodsucker bank to torture you for the next 360 months... laugh out loud
But again banks are still lenders right?
Not all lenders are banks but most banks are lenders. Correct me if I am wrong.Confused
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Joined Jul 2004
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#69
Quote from dumars View Post :
Wow, I need to check out my local credit unions, I have 85% LTV in my home now and am not paying PMI on my current loan- I would LOVE to refinance without paying any PMI. My loan was transferred to FMAC 20 days after the cutoff so I don't qualify for that program. Does anyone know of any other lenders that would waive PMI on a loan?
Yeah, I missed the cutoff by 4 days. I actually closed mid-May 2009 but it wasn't sold to Freddie until June 3.

To avoid PMI and get the best deal, I believe you have to find a CU that services the loans themselves and doesn't sell to Fannie or Freddie. I've found some places like LoanDepot offer no PMI loans but their rates are much higher than Provident so it comes out the same as just paying the PMI.
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Joined Aug 2004
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#70
Quote from wavesine View Post :
Bryant, thanks for posting this thread. I don't understand all the thumbs down as we need more threads like this regarding mortgage rates.

Just to clarify, when you say no closing costs, is Box rolling the closing costs into the loan or are they actually paying them?

I assume you have to pay for an appraisal out of pocket even if the refi is not approved.

I am looking to do a refi. My current loan is with Wells Fargo. I just hung up with their loan department and he said that all the other companies are just rolling the closing costs into the loan to give the 3.75 rate. He said he could only go 3.75 if he rolled the points in. If Wells Fargo pays the closing costs, the rate as of today would be 4.25%. They push the fact that you don't need a new appraisal or a credit pull since you already have a loan with them. (FHA Streamline)
They will pay for the closing costs. If you fill out the quick form for rates, you'll get a table of rates, payments, fees, total costs and apr. Click on "See details" to see the breakdown and math they used. They estimate the cost for appraisals and things and break it all down for you,

which is nice, because most companies dont.
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Joined Jan 2006
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#71
Quote from sn618 View Post :
Provident is good under certain scenarios. We are an approved lender with them, but the main drawback is that they only take cookie cutter transactions. I.e. they won't do condos, they don't like self employed borrowers, they won't refinance any properties with unpermitted work. Every situation has a lender that has a certain niche that they cater to, the work involves finding the right lender for the right scenario.
So any one you recommend for properties with unpermitted work? I'm in CA also.
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#72
Quote from romodome View Post :
I priced them all for my refi, the cheapest wound up being provident,com they do 3.625 for a 30 year fixed and give credit closing, a 15 year was 2.875 all closing called. Do a google search and you'll see other websites swear by them. Boxhome loans did come in close second but was about 1500 more expensive for the same loan.
i found a lot of bad ratings for them at bills.com ... did you close already?
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Joined Jan 2004
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#73
Quote from armedmetallica View Post :
i found a lot of bad ratings for them at bills.com ... did you close already?
not yet, got the paperwork back, loan approved, signing docs next week. Provident and Boxhome loans are great for vanilla loans, loans with great LTV, Great credit scores, no cash out or 2nd involved, va, fha. If you have any issues I wouldnt recommend them. For instance, I have a restaurant, leased for the past 12 years at $2700 a month that they dont need to include on my assets for owning the building or income for renting the building, but they still wanted copies of my lease agreement. They also wanted me to explain a dependant care account that is less than $200 a month even though the LTV is great and the loan had already been approved. They are fickle.
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Joined Feb 2010
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#74
thanks for posting this. did some comparisons and number crunching and bit the bullet. got locked in at 2.875% 15-year fixed for a condo. hopefully appraisals and all will go smoothly *cross fingers*
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Joined Dec 2007
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#75
Looking to refi as well but I'm at 93% LTV so kind of screwed... there's a state program I might use... anyone else in that situation?
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