We've seen more changes in the last year than any other time in the History of lending. From mortgage approvals, to down payments, to the length of time to repay the mortgage loan, to investor financing.
The FANTASTIC NEWS is that the rates are LOW!!! 2.55% to 3.99% for 5 years.
Whether you'd like to buy your forever home, or you'd like to start with your first home, there are great options to make it easy. A good professional can steer you in the right direction. Flexibility exists through Equity Mortgages and a seldom used but superb product called the Purchase Plus Improvements mortgage. This is not to be confused with a second mortgage, or a Home Owners Equity loan. An experienced professional can think beyond the traditional, to find a solution that custom fits your needs with new products that don't compromise your goals.
I welcome inquiries and will gladly sit with you to point you in the right direction! You may want to continue with a Bank or Credit Union that you know and trust. There are also some very good Mortgage Specialists that will meet with you in your home, during evening or weekend hours, with a wealth of experience. There is no charge, and often they will pay for your Home Appraisal costs when you buy.
Have a Great Day!