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     Current Mortgage News        

               Low Rates and great home pricing, Now is the time to Buy !     

     WOW, Mortgage Rates have fallen 1/2% this week. 30 Year Fixed mortgage have fallen below 4.50%.

   This is an incredible time to Purchase or Refinance a Home. With rates this low many times your house payment will be less than rent ! Home prices have fallen 20% in many areas making this an outstanding time to become a home owner. There are still great low down and Zero down home loan programs. Please call our office our apply online to get a free pre-approval. We can help guide you to a Realtor that can find you a home in a price range and area that meets your needs. We also work with Realtors that handle bank owned homes that will gain you thousands in equity as soon as you close.

   FHA Mortgage loans are a great option requiring only 3.5% down. The FHA Down payment may come in the form of a gift if you are unable to come up with the down payment. The seller is allowed to pay up to 3% of the buyers closing costs. FHA loans are safe 30 year fixed mortgages that are assumable if you go to sell your home.

   On the credit front most mortgages today require a 620 credit score or above. We still have one investor that will allow for a no score credit report if the borrower is able to come up with 4 accounts they have made payments on for at least 12 months.

   We still offer Conventional Mortgage loans with down payments as low as 5%.   

Check HUD'S Web Site for More Info www.fha.gov 

Email Questions to Steve Snyder s1261@earthlink.net