Hi guys! I'm a newbie!
I found this site on Google and thought it might be of some help. Just looking for some feedback.
I recently created a listing for a loan on Prosper. My husband and I are buying our first home and we need the loan for a down payment and closing costs. We are doing seller financing and will be eligible for the first time homebuyer tax credit, so we plan to pay the loan in full within 4 months.
So far, after two days, my loan is 26% funded. Is this good or bad? Also, what are the chances of the interest rate being bid down if my loan does reach 100% funding? It is currently at a gaudy 30%, which is ridiculous, considering I have a 730 credit score with no problems whatsoever, plus my husband's income (which could not be included in the loan application).
So, what are the chances of my loan being funded 100%?
Thanks guys!