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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 1,289 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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#46
Here is my experience with Amerisave that I would like to share:
Their web concept is great, you able to select your rate, see your credit (if any) and the closing cost fees then request to pre-lock that rate right away.

Right after you submitted the application, they schedule the appraisal right away. This is where why they got most of the bad reviews to them. This step cost the applicant $425 to $525 if the loan failed/denied. So what you need to do is go to eppraisal.com and find out yourself then pick the lowest value and subtract $20,000. This is the lowest value that you will get on your real appraisal report but you may get couple Ks more if you got lucky.

You take the appraisal value above * 0.75 = this is the Loan amount that they will approve

Your liquid assets + 60% of IRA must be enough to cover the payment(s) for 12-month (monthly mortgage payment+tax+ins + any of other loans or credit card)

Your FICO must be at least 780-799 to get credits back. With 800+ you got max credits back.
If you select Do Not Waive Escrow, they will give you even more credits back but it is not recommended

If you got all 4 #s above then you are good to go @ Amerisave.

The lowest rate that I known is 3.5% - 3.625 @ no cost (credits back to cover closing fees) so any rate above that is not slick!!!
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#47
Quote from bryantq View Post :
As we're trying to compare costs with Provident, its hard because they don't have a breakdown of closing costs. So while they may have a larger "credit", we dont know the total fees so its impossible to compare.

Can someone chime in on that?

I see right off the bat that their base fee is
Fees charged by Provident Fundings
  • Administration Fee: $1,099.


compared to the $159 or $199 from Box Home Loans.
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)
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#48
I did with weichert financial 30 yrs fixed two weeks ago. No guarantees if you still can get the same rate but pm if you like the contact info for the person to contact. I compared them to my fcu and his came out almost 2 grant less.
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#49
Quote from bioblue View Post :
I did with weichert financial 30 yrs fixed two weeks ago. No guarantees if you still can get the same rate but pm if you like the contact info for the person to contact. I compared them to my fcu and his came out almost 2 grant less.
Was that 0 closing cost refinance? I just closed with Eagle bank in end april with 4.125 zero closing cost. Was at 5% before that.

Can you give me your agents contact info if that was a zero closing cost refi. If anyone knows of a zero closing cost refi in MD, please PM me.
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#50
I am still trying to determine if I should refinance.

Have 110K left on 30yr 156K loan at 5.25 We have made extra payments frequently to get the balance to come down. Since we are so far into the load, would it really save me that much? 10 years into the original and if refinanced would switch to 15 or 20 year.
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#51
Quote from bioblue View Post :
I did with weichert financial 30 yrs fixed two weeks ago. No guarantees if you still can get the same rate but pm if you like the contact info for the person to contact. I compared them to my fcu and his came out almost 2 grant less.
Good rate
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#52
Any deals for non-owner-occupied (investment) properties? <100k?
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#53
Quote from iridium View Post :
Was that 0 closing cost refinance? I just closed with Eagle bank in end april with 4.125 zero closing cost. Was at 5% before that.

Can you give me your agents contact info if that was a zero closing cost refi. If anyone knows of a zero closing cost refi in MD, please PM me.
There are 3 types of fees:
Origination
Discount (pts)
Closing Cost

With today rates, if anyone charge for Origination and/or Discount (pts) fees they are suck. Go find another lenders.
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#54
Zero closing cost - depends on what they define as a closing cost.

You can get 3.5% pretty easily anywhere else.
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#55
Any CT residents on here? Suggestions for brokers?

We refi'd a couple years ago at 4.875% with Everhome, but it looks like I can get that lower these days!
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#56
Quote from Wasser View Post :
Any deals for non-owner-occupied (investment) properties? <100k?
I will sign off the loan doc today with my investment property ($289K), we locked at mid May @ 4% w/ $2440 credit back and the closing cost is ~$1800 @Amerisave
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#57
Quote from goldendragon View Post :
There are 3 types of fees:
Origination
Discount (pts)
Closing Cost

With today rates, if anyone charge for Origination and/or Discount (pts) fees they are suck. Go find another lenders.
What I got with EagleBank was no discount pts, origination and closing costs were covered by the $3000 they paid.

I need something like that and a rate around 3.5 to 3.625. Now I just refinanced less than 2 months ago, can I do it again?
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#58
Quote from iridium View Post :
Was that 0 closing cost refinance? I just closed with Eagle bank in end april with 4.125 zero closing cost. Was at 5% before that.

Can you give me your agents contact info if that was a zero closing cost refi. If anyone knows of a zero closing cost refi in MD, please PM me.

Same here, Pls PM me any zero closing costs purchase/refi in MD.
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#59
Quote from iridium View Post :
What I got with EagleBank was no discount pts, origination and closing costs were covered by the $3000 they paid.

I need something like that and a rate around 3.5 to 3.625. Now I just refinanced less than 2 months ago, can I do it again?
When can u do it again is depend on the term that you signed with previous lender? if u not sure or don't know, u should call your agent or processor.

To get 3.5% @ no cost you need to do comparison yourself at various place but first u need to do homework on your FICO, home value and asset first. You can prefer to my previous post.

FYI: Last week was the best ever @3.5% no cost on FICO of 780+ but with 800+ is even more credit back. I am not sure this week.

Good luck!!!
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#60
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)
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
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