In this economy, did you know that you can, possibly, use the FHA loan program to finance a mortgage on a new purchase of a home? It’s true. There are guidelines that you would need to meet, but, they are pretty standard and easy to meet for most people.
If you have used it before, no problem, you can use it again. The difference is this, you must owner-occupy the property that you have financed with an FHA mortgage. The down payment amount for this type of loan is 3.5%. You can put more down, but, that is the minimum. You can finance the closing costs, usually, depending again, on your specific situation. The FHA rate is one of the lowest rates offered in the market today.
So, don’t wait! Get out and find a home today! Condo, multi-family or single family. They each have different requirements for the loan, so keep an open mind on the type of home that you have dreamed about wanting.
Then, call or email Fran Rokicki, at Fran Rokicki Realty,LLC and let’s get you moving into a new home, and soon! The rates are the best that they have been in a long time! Take advantage of this timing and if, you are a 1st time homebuyer, you might be eligible for the bailout bonus, $8,000, from the US Government!
Contact Fran today!
You’ll Love Working with Fran!