Home Loan Financing is Available for You
No matter what you are hearing out in the news what you do need to know is there has been no better time to buy a home than now. Interest rates are at historic levels, 5% and lower, money is available for consumers to borrower and home prices are now within affordable price ranges (see Linda for a list of available homes at (lindasellsmoore.com). If that is not enough of an incentive the federal government has created an additional incentive; if you’re a first time homebuyer and purchase a home within 2009 you could be eligible for a federal housing tax credit of up to $8,000.00.
All though lenders have revised their qualifying criteria’s they are motivated to finance current and future homeowners; many of you have the option of a government insured loan, FHA, that requires as little as 3.5% down payment and a loan amount a high as $697,500.00 and if you are a veteran you can purchase a home with a zero down payment. If a government insured loan is not what you need there are many conventional loans that are available that will meet your needs too.
Before you buy get pre-approved by a loan officer that is experienced and has the knowledge to navigate you through the loan approval process, this is a service that is no cost to you. Once you are pre-approved for your home loan you will know exactly what you purchase price range is and what you can afford. If you are not sure if you can or can’t buy find out today homeownership is possible with the right team on your side.
Curt Conkling is a Senior Loan Officer with Guild Mortgage and has been providing residential financing to home owners since 1991. Questions can be email to him at firstname.lastname@example.org or visit his website at www.curtconkling.com