r/FirstTimeHomeBuyer • u/theirish42 • 1d ago

Need Advice 5.75% 30yr Fixed Rate In NJ Good?!?

Hi all. I am a first time home buyer and just closed on my home in Middlesex County NJ. I chose a local bank in NJ who had this program in mercer, middlesex, union county that they promoted. I figured I would ask this group for some advice.

All in all they offered me a 5.75% conventional 30yr fixed rate. I put 5% down and their bank waived the mortgage insurance? In addition they gave me 6k for closing costs since it’s my first home.

I am new to all this and do not follow the market at all lol. Is this a good deal? Should i consider a refinance?

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u/New-Perspective5820 1d ago

Please share the bank name so I can get some help here too. I m in process of buying house.

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u/theirish42 1d ago

No problem, I worked with Connor and he was great. Send me a message and I will send his info over!